Eventually Fidelity will acquire Schwab?
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Now that our government is in good hands, or at least will be come January, the federal government will hopefully nationalize banking and financial services so we can finally get decent pay and benefits that don't cost half our check.
Why would Fidelity want to buy this flaming pile of garbage?
Anyone wanting this needs to read the fido layoff page. They make us look good.
@ep
They’ve changed CEO’s about 5 times in the last 6 years. Put the phone down. You have no
Concept of reality.
Not a chance, we only managed the Schwab/TDA merger because republicans were in control. We blew past the monopoly numbers in several areas (but it was still allowed to go forward). No one would let Schwab/Fidelity merge... would own too much of the market share.
I think all the large mergers are done, you'll just see everyone eating up small shops from here on in.
There's no reason for fidelity to do so. Fidelity has better products all around. Plus it would probably not be allowed due by the antitrust dept.
I fu--ing wish, lol. Fidelity leadership actually has a vision for their company beyond shoehorning AI into everything possible and hatefu--ing their workforce at every opportunity.
Let’s say Schwab’s evaluation is around 200 billion for acquisition. Fidelity is privately held and reported $12.7 billion in operating income for 2025. A roughly $200 billion purchase would require substantial financing and potentially an ownership restructuring. Its trillions in customer assets aren’t corporate money available to buy Schwab. So, no.
Even if Fidelity could, why would they? Schwab doesn't have anything that Fidelity doesn't that would justify an aquisition.
No lol not in a million years