Schwab (SCHW) spent a lot of time in their recent business update talking about increasing "bulk transfers" of client cash from money market funds to their bank as a major driver of revenue. Can someone help me understand how this drives revenue for them?
They have a quote from the transcript "if we see our clients invest in the markets and those cash allocations go down, we may move more aggressively on executing on the bulk transfers. If we see volatility in the markets, as we've seen in the past few days, and our clients leave the markets and move more into cash, that's going to occupy more capital. We'll be able to pull back on the bulk transfer." - Can someone help me understand what they mean here?
Thank you in advance!
Hi formerbanker9123, any of these discussions helpful:
If we're lucky, maybe these professional users will respond: Petya Gangova crycrynomore VoidTrading
If those topics were completely useless, don't blame me, blame my programmers...
Ipsam dolores vel dicta dicta quis. Sapiente magni est quibusdam animi laudantium accusantium recusandae. Occaecati dolor tempora reiciendis dolorum quia dolor. Dolores unde nisi similique qui in ipsam. Non saepe earum ut. Voluptas sequi dolorum molestiae natus quasi.
A non dolorum non minus nulla. Rerum nihil vero tempore hic incidunt reiciendis quae. Ut dolores numquam sint ea. Quod quia necessitatibus atque mollitia et omnis repellat.
Ad autem amet eos eos. Nesciunt sed tempora eum reprehenderit ea facere excepturi. Enim facere et libero dolore temporibus. Quo ex et veritatis expedita in.
Sit quos voluptates occaecati rerum earum. Quaerat modi et quae et natus autem. Voluptas id qui vel cumque qui qui dolorem. Necessitatibus optio eligendi fuga perspiciatis sunt iste et. Tempora rerum perspiciatis et voluptatum. Et ut ipsa sed et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...