is I like stocks
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Hi vodka, I find it amusing when I make a post of FYI , I get ,what’s that got to do with COOP from some posters who have only one liners of same heheh , glade to see COOP is as of this post moving in my direction $$$$
Anyhow take care
GoGooooooCOOP
Ts
Pick
Ts
FYI. KKR set to buy $44 billion of buy now, pay later loans from PayPal
Global investment firm KKR has agreed to buy up to $44 billion in buy now, pay later loans off of PayPal's balance sheet.
Video Transcript
https://finance.yahoo.com/video/kkr-set-buy-44-billion-153021671.html
RACHELLE AKUFFO: Let's take a look at PayPal shares. Moving higher today on news that KKR's private credit funds will acquire almost all of the fintech giants European buy now, pay later loan portfolio. Now, the deal with CKKR buying almost $44 billion of loans from Paypal's balance sheet.
Now, that means that the deal is expected to close in the second half of 2023. PayPal is saying that once it does, the payments company will allocate an additional $1 billion to share buybacks in 2023. Bringing the total for the year to $5 billion.
GoGooooooCOOP
GLTA-Ts
Good morning people,FYI, Charles Schwab: Situation Appears To Stabilize
Jun. 17, 2023 8:59 AM Charles Schwab fell victim to a panicky move when the regional banking sector turmoil arose in March.
The company is hit hard by deposit migration, seeing severe pressure on net interest margins, and thus earnings.
It appears that near-term earnings pressure might be the biggest impact, which combined with a recovery in stock markets and a lagging share price starts to look compelling.
Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. In April, I provided an update on shares of Charles Schwab (NYSE:SCHW) as the first quarter earnings report looked solid at a first glance. Finding comfort in this report was a bit preliminary, as the banking crisis of course arrived late in the first quarter and with disclosure somewhat limited, I found it too early to draw a conclusion.
That said, the anticipated second quarter revenue decline looked manageable, perhaps a bit too upbeat, as the latest comments from management suggest as well. Nonetheless, stabilization appears to be arriving here, creating a potential interesting set-up.
A Recap
In the first days of March, Schwab was still a $75 stock, and amidst the implosion of the SVB Financial Group, shares fell to the $60 mark in the time span of just two days, shedding $25 billion in market value in the process. In fact, shares fell further to the $50 mark in the weeks thereafter, with investors pricing in a lot of uncertainty.
Being a broker and bank combined, investors asked questions and voted with their feet. This sharp contraction in the balance sheet of Schwab stood in sharp contrast as total assets of the balance sheet rose from $140 billion to more than half a trillion in just a decade.
For the year 2022, sales grew 12% to $20.8 billion, with GAAP earnings reported at $7.2 billion, equal to $3.50 per share, with adjusted earnings coming in even forty cents higher. Of course, most of the assets managed by the firm do not appear on the balance sheet, with the company holding over $7 trillion in client assets (in separated or segregated accounts), seeing more than $400 billion inflows for the year. Despite these inflows, the actual asset base was down, mostly due to lower valuations, of assets carried on the books.
The problem was that the asset base of $552 billion fell a bit during 2022, in part as the bank paid a mere 0.46% on deposits on a $367 billion deposit base in the fourth quarter of the year, opening the door for deposit migration. While full year pre-tax profits of $9.4 billion left a lot of room to hike deposit rates, it was not sufficient to hike these rates to levels equal to risk-free rates. The issue if these assets leave is that Schwab has to resort to selling assets and with liquidity rapidly depleted, investors feared that it had to dip (sell) available-for-sale security and assets which are held-to-maturity.
These combined stood at more than $300 billion by year-end 2022, and with some duration risks taken on, the company was looking towards substantial unrealized losses on these.
While the company pointed toward net asset inflows by clients in February and in fact since the start of the (regional) banking issue in March, these asset inflows relate to client accounts, with these same customers moving money away from deposits held at Schwab. After all, why would they want to take credit risk on Schwab, while receiving a subpar interest/deposit rates as well?
When looking at the first quarter results, they looked solid with sales up 10% to $5.1 billion, with GAAP earrings up as much as 14% to $1.6 billion, equal to $0.83 per share (and adjusted earnings coming in ten cents higher). Given the sing of the times, I was puzzled behind the rationale to hike the dividend by 14% to $0.25 per share. Amidst stable markets at large, the company actually reported a $132 billion asset inflow to $7.5 trillion.
While hiking the dividend, the company paused the buyback program as the company hiked the payouts on deposits and in the form of other borrowings. This pressured net interest income, which fell from $3.0 billion in the fourth quarter of 2022 to nearly $2.8 billion in the first quarter of this year.
This came in part as the balance sheet shrank by about $16 billion to $535 billion, although deposits fell by $41 billion to $326 billion, with the shortfall made up for by borrowings at the Federal Loan Bank, among others. It was hard to read into the numbers in its entirety as the company reported on average assets for the quarter, not ending assets, certainly as the banking crisis only was seen late in the quarter.
CFO Peter Crawford indicated that revenues for the second quarter were seen down in their high single digits. Amidst flattish operating costs, earnings would be down a third, which actually looked quite alright given the set-up.
What Now?
Since April shares have traded around the $50 mark, now actually trading at $55 which is still largely similar to the levels seen at the time of the release of the first quarter results. This came as the market at large actually has been rallying, and despite a short-lived revival of the banking concerns in April/May, it has been rather quiet on the banking crisis front here.
The business itself has seen some mixed news. Halfway May, the company reported a $13.6 billion asset inflow for the month of April, with clients balances moving up to $7.6 billion. In June, the company reported $20.7 billion in new asset inflows for May, although that client balances were largely flat, with really most of the gains in the broader market only seen in June.
On the corporate front, the company secured some financing, offering a combined $2.5 billion in notes due in 2029/2024, carrying rates between 5.6% and 5.8%, raising the cost of borrowing and putting pressure on net interest margins. Another interesting piece of news was comments made by CFO Peter Crawford, which now sees revenues down by 10-11%, worse than the high single digit decline guided for alongside the release of the first quarter results, which does not surprise me at all. Crawford attributes this to pressure on net interest margins, which could be anticipated, as well as lower trading activity.
The reality is that I fully anticipate a further decline in the near-term earnings, which is essential what Schwab is guiding for. I must say that I am pleased to see the market at large calming down and moving higher, which should be positive for the shares, which actually have been lagging quite a bit.
Quite frankly, the risk-reward seems to improve quite a bit here, although I am generally a bit cautious to invest in financial stocks. That said, Schwab seems to improve quite a bit here, and is a quality name in its field, making me turning a bit more upbeat here than was the case in April. That being said, I am waiting for the second quarter results before reconsidering a position.
https://seekingalpha.com/article/4612137-charles-schwab-situation-appears-to-stabilize
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PS.
Dimples , When the BOD gets gimme more bonus shs program to sell on a regular basis along with their healthy salaries and the toots play musical chairs (shares) month in and month out makes me wonder why I didn’t sell in the mid 49’s this time around as I’m writing this post and no divs , plus with CD’s playing a nice price and no gamble , I always try to stick to my target price sell number/s ,oh well shoulda ,coulda, would’ve , I do believe something isss still missing just what s the puzzle , but just how much longer and will it be worth allll the time I’ve been here churning for my freebies
GoGooooooCOOP
GLTA, Time to hit the gym -Ts
Good morning people.LG One can only hope the Source here is way better the the source on the other thread was so far
GoGooooooCOOP
Have a great weekend people GLTA-Ts
Good morning people, zulual The Octopus has many tentacles
GoGooooooCOOP
TGIF BABEEEEEE, Time to hit the gym
Have a great weekend people
GLTA-Ts
Come on COOPY, papa’s waiting ,, it’s a good day in the neighborhood on COOP AVE.
Nice vid below ****
Woodstock, Don’t your brokerage acct have L2 ?
GoGoooooo COOP
TGIF BABEEEE GLTA-Ts
I have asked for a removal of a post , as it was a misconception /error on my part in response to LG.(wrong is wrong)
GoGooooooCOOP
GLTA-Ts
Ole Cactus , It’s a shame u missed the 52.34 a week before , but profit is profit , I’m replying to you cuzzzz u seem to be replying to ur self , hence not to make u seem strange of sorts lolol
GoGooooooCOOP
Target sell set Gotta run have a great day people Seya at the close
GLTA-Ts
Good morning people, jhd I should have sold the last 50+ pps but! I guess I avoided my”never fall in love with a stock or for a few bucks more got greedy on my freebies , that won’t happen this time around and I will hold 100/200 shs as I do with some stocks to keep in the game and never worry if it goes higher or lower, cuzzz dat shet will drive you nutzzzz lol. It’s just lesser profits and life issss good no matter
As for the IFFEN, I WON’T/DON’T SWEAT IT,EOS….
GoGooooooCOOP
GLTA- Hitting the gym earlier today ,the boss wants to go shopping, guest coming this weekend for a barbecue
Ts
Well it’s getting a little closer to my 50. Sell while keeping just around 1-200 shs and selling the rest
As for who is right and who was/is wrong trilogy for what seems like eons or the hero or zero, me I’m for making monies and have done well over the years throughout the transitions here , my first and last BK I will take the 50 pps this time round and thank you very much as there is good cheap stocks out there now ,sooooo GOGOOOOO COOP
GLTA-Ts
FYI: Blackstone made billions going all-in on European warehouses before prices surged — and might've doubled its money in just 5 years Blackstone made a killing on a less glitzy corner of the commercial property market.
According to Bloomberg, the PE giant made big bets on urban warehouses across Europe starting in 2017.
Using granular, property-level data, the strategy may have doubled investors' money by 2022.
Blackstone may have doubled its money by investing in a corner of the commercial real estate market that gets less attention than massive high rises or glitzy retail.
Bloomberg's Jack Sidders writes that the private equity giant bet big on warehouses across Europe, particularly smaller, grittier urban facilities off the beaten path but which are crucial points in the delivery process known as the "last mile." Starting in 2017, Blackstone started snapping up these properties in a wave of dealmaking that saw the firm sometimes transacting in much smaller amounts than it was known for.
At one point, Bloomberg writes, Blackstone bought a warehouse from a family-owned business in Dublin, Ireland, for 1 million euros, the tiniest real estate deal ever approved by the firm's investment committee.
It made 220 deals for warehouses in its real estate funds, most of which were fairly small by Wall Street standards. According to Bloomberg, the return on these investments was wild. In the five years since it embarked on the strategy, which Blackstone's head of real estate Jon Gray called the firm's "highest conviction strategy," demand for warehouses soared.
This was only accelerated by the pandemic, which saw more and more people working remotely, doing shopping online, and boosting the value of these industrial properties while other commercial real estate sectors like offices languished.
All told, Bloomberg reports that publicly available info points to a gain of about 5 billion euros after paying off the debt used to acquire the properties, doubling the money of investors who cashed out of the firm's fifth and sixth European fund offerings in 2022.
Story continues
https://ca.finance.yahoo.com/news/blackstone-made-billions-going-european-011217569.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAI_G-8SLN7EI5tD4YcsNk3GHQcTbqJmRgKe0AyxiYh5dwVdZOcflu3dc87HCHwtIJS7IOumdysnQ6D7qmkoHIXPKHTT5MzQnZx7wz_7MrpWjupi-y1rROphNJF4dMSMwIryUQcRHg11bBMj-CafXhE6JA_60q6_PlhAXbT-Vm6II
G0G0000000coop/ Mannnnn that $50.00 Number is surely getting close n temping
Have a great day, people
GLTA-Ts
Good morning people: jhd I have often posted “Big monies DONT like to part with big money ,you have to pry it from their dead cold hands (IFFEN) ,after all these years IT MIGHT BE BURIED SO DEEP , good luck with that IMHO
GOGOOOOOOCOOP
GLTA-Ts
JnJ https://www.xxxx.com.au/agegate/ j/k -)
COOP 47.34 -0.48Vol 46,455.5
Take care
GoGooooooCOOP
GLTA-Ts
Good morning people, Picks ; Arrrrh something besides the norm static I can agree with, now for ole cactus # 6 might fit lol
https://www.cyberdefinitions.com/definitions/XXXX.html
GoGooooooCOOP
Have a great day people, time to hit the gym and pay for the weekend
GLTA-Ts
Let’s do simple math $5,000/10,000 in return a few yrs (maybe)later a check in the mail arrives for $ 289.99 if where lucky, let me mull this over hmmm? Nope , I prefer to be in that 99% old group here and keep my profits in COOP going well at no cost EOS.
GOTTA RUN THE BOSS IS CALLING heheh
It’s nice nice outside to be inside
GoGooooooCOOP
GLTA-Ts
Good morning people: Freddy Yes there is logic in mostly of what you posted, I myself have for a very long time now have concentrated on COOP only and do always say IFFEN when to topic of monies being returned when yea’s or the naysayers posts all of the same , just as you also continue to do, so yes it’s on on going topic for a lot of posters on either side of the fence
GoGooooooCOOP
Oh well time to hit gym, Have a great day people
GLTA-Ts
EOD + .69
GoGooooooCOOP
GLTA-Ts
Good morning people I hope all had enjoyable few days with loved one and friends and remembering the reason we can. Now comes watching the drying paint once again along with the same posters on both sides saying the same ole ,same ole , as for me IFFEN while my banked shs of COOP WILL HANG TILL EOY
GoGooooooCOOP
GLTA-Ts
Good morning people , FYI. the last Q (2022)for Home Point Capital Inc. (HMPT) was really nothing ,including shs trading vol.
Date Open High Low Close* Adj Close** Volume
Dec 30, 2022 1.3700 1.4000 1.2350 1.3700 1.3700 42,300
Dec 29, 2022 1.3100 1.4300 1.3100 1.4050 1.4050 32,200
Dec 28, 2022 1.2700 1.3900 1.2700 1.3500 1.3500 31,900
Dec 27, 2022 1.3000 1.3200 1.2600 1.3000 1.3000 24,000
Dec 23, 2022 1.2900 1.3300 1.2700 1.2800 1.2800 16,100
Dec 22, 2022 1.3200 1.3600 1.2400 1.3200 1.3200 30,900
Dec 21, 2022 1.2000 1.3500 1.1650 1.3500 1.3500 54,800
Dec 20, 2022 1.0600 1.2300 1.0300 1.1700 1.1700 83,300
Dec 19, 2022 1.0100 1.0600 1.0000 1.0100 1.0100 79,800
Dec 16, 2022 1.1100 1.1200 0.9900 0.9900 0.9900 203,500
Dec 15, 2022 1.1800 1.2200 1.1300 1.1500 1.1500 55,100
Dec 14, 2022 1.2500 1.3400 1.2100 1.2200 1.2200 17,800
Dec 13, 2022 1.3900 1.3900 1.1100 1.2400 1.2400 67,700
Dec 12, 2022 1.3200 1.3200 1.2500 1.2500 1.2500 20,500
Dec 09, 2022 1.4110 1.4800 1.2800 1.3300 1.3300 25,600
Dec 08, 2022 1.2900 1.3800 1.2800 1.3400 1.3400 26,000
Dec 07, 2022 1.3560 1.3700 1.2900 1.2900 1.2900 37,000
Dec 06, 2022 1.4600 1.5000 1.3600 1.3600 1.3600 20,200
Dec 05, 2022 1.4600 1.6600 1.4500 1.4500 1.4500 30,600
Dec 02, 2022 1.5000 1.5750 1.4600 1.4600 1.4600 20,500
Dec 01, 2022 1.6100 1.6350 1.5000 1.5200 1.5200 61,600
Nov 30, 2022 1.5800 1.6630 1.5800 1.5800 1.5800 16,600
Nov 29, 2022 1.6000 1.6200 1.5800 1.5800 1.5800 9,900
Nov 28, 2022 1.6200 1.7400 1.5700 1.6300 1.6300 22,300
Nov 25, 2022 1.7200 1.7300 1.5800 1.6000 1.6000 9,500
Nov 23, 2022 1.7500 1.8000 1.6500 1.7100 1.7100 22,200
Nov 22, 2022 1.7000 1.7800 1.4500 1.7300 1.7300 70,700
Nov 21, 2022 1.7600 1.9700 1.7000 1.7000 1.7000 28,600
Nov 18, 2022 1.8500 1.8700 1.7500 1.7500 1.7500 18,300
Nov 17, 2022 1.7900 1.8500 1.7700 1.7700 1.7700 3,000
Nov 16, 2022 1.6800 1.8400 1.6800 1.7800 1.7800 11,100
Nov 15, 2022 1.8300 1.8700 1.7500 1.8000 1.8000 15,200
Nov 14, 2022 1.8600 1.8650 1.7100 1.8300 1.8300 23,300
Nov 11, 2022 1.6700 1.8900 1.6700 1.7800 1.7800 32,900
Nov 10, 2022 1.5000 1.6500 1.4200 1.6400 1.6400 22,900
Nov 09, 2022 1.6900 1.7080 1.5100 1.5100 1.5100 11,300
Nov 08, 2022 1.6700 1.6700 1.6300 1.6300 1.6300 9,500
Nov 07, 2022 1.5900 1.6840 1.5400 1.5900 1.5900 42,200
Nov 04, 2022 1.7000 1.8200 1.5100 1.5600 1.5600 43,700
Nov 03, 2022 1.7900 1.7900 1.6260 1.6700 1.6700 9,800
Nov 02, 2022 1.8400 1.8400 1.6800 1.7100 1.7100 15,800
Nov 01, 2022 1.7500 1.8400 1.6600 1.6600 1.6600 47,200
Oct 31, 2022 1.8200 1.8300 1.6780 1.7400 1.7400 7,800
Oct 28, 2022 1.6900 1.8200 1.6700 1.8200 1.8200 35,100
Oct 27, 2022 1.7000 1.7440 1.6200 1.7000 1.7000 9,900
Oct 26, 2022 1.7000 1.7450 1.6800 1.7100 1.7100 8,600
Oct 25, 2022 1.5750 1.6700 1.5750 1.6700 1.6700 26,200
Oct 24, 2022 1.5600 1.6500 1.4100 1.5600 1.5600 73,800
Oct 21, 2022 1.6600 1.6600 1.5700 1.6500 1.6500 18,100
Oct 20, 2022 1.6100 1.6690 1.5600 1.5900 1.5900 19,300
Oct 19, 2022 1.6200 1.6680 1.5800 1.6300 1.6300 42,600
Oct 18, 2022 1.6200 1.6300 1.6000 1.6200 1.6200 15,000
Oct 17, 2022 1.7500 1.8000 1.5800 1.6200 1.6200 49,900
Oct 14, 2022 1.7070 1.7800 1.6600 1.7700 1.7700 18,500
Oct 13, 2022 1.6900 1.8000 1.6500 1.6600 1.6600 26,700
Oct 12, 2022 1.7000 1.7300 1.6300 1.7100 1.7100 29,700
Oct 11, 2022 1.7100 1.8800 1.6650 1.7400 1.7400 33,900
Oct 10, 2022 1.7700 1.8000 1.6700 1.7700 1.7700 30,900
Oct 07, 2022 1.7400 1.8400 1.6750 1.7400 1.7400 19,400
Oct 06, 2022 1.5600 1.9500 1.5500 1.7500 1.7500 33,600
Oct 05, 2022 1.4600 1.5800 1.4000 1.5700 1.5700 63,600
Oct 04, 2022 1.4000 1.4220 1.3600 1.3600 1.3600 81,800
Oct 03, 2022 1.5300 1.5300 1.3600 1.3800 1.3800 61,900
———————————-
GoGooooooCOOP
GLTA
THANXS TO ALL VETS , THEN, NOW AND FUTURE-Ts
Good morning people; So the price range for the tender offer amounts to $2.33 per shs= $308 million to $351 million ,Ballpark Page 37, speed reading as very busy four days , guest and relatives coming over
Gogooooo COOP
Have a great day people
GLTA-Ts
Picks; Oops there’s that mannnnn CRUSH AGAIN , hey NBD , just admit it , this way you will free ur self ,woww u got I baaaaad lol if I had to guess 33% of ur post are about ole cactus hehehe check it
here watch this great song and words ,just replace the girl part with a man
GoGooooooCOOP
GLTA -Ts
Good morning people, The Fed Has a New Scandal on Its Hands: Colluding with Central Banks to Rig Libor; Evidence Is Being Tweeted Out
By Pam Martens and Russ Martens: May 23, 2023 ~
https://wallstreetonparade.com/2023/05/the-fed-has-a-new-scandal-on-its-hands-colluding-with-central-banks-to-rig-libor-evidence-is-being-tweeted-out/
Thanks goes to hold2wm on BP site
GoGooooooCOOP
It’s too nice outside to be inside GLTA-Ts
Yada,yada yada,The same ole, same ole , is it live or memorex lol
GoGooooooCOOP
GLTA-Ts
Good morning people; jhdf51 The only way(IFFEN) there would be a share thing in COOP it would have to come by way of preferred shares (again IFFEN ) as for any monies return I just don't/can't believe the amounts. monies that are being thrown around here and the BP. site, let alone the silence of (IFFEN) Hey don't get me wrong I would be extremely happy as would my family lol. and a few charities But !!!!!
GoGoooooCOOP
GLTA-Its too nice outside to be inside, time to open the pool Ts
JWW, It would seem as history would acknowledge that Barclays is the wise ole owl of this group in ref to COOP hehehe
GoGooooooCOOP
Have a great weekend people
GLTA-TGIF BABEEEEE -Ts
Nice move on COOP avenue today , will be interesting to see what happens tomorrow
GoGooooooCOOP
GLTA-Ts
FYI May 17 (Reuters) - Charles Schwab Corp is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The financial services firm will issue $1.2 billion in debt due in 2029 and $1.3 billion due in 2034, the report added.
The company declined to comment on the matter.
Charles Schwab said it intends to use the net proceeds for "general corporate purposes", and did not disclose the pricing for the offering in its filing with the U.S. Securities and Exchange Commission.
Shares of the company, which have lost about 38% of their value so far this year, fell 1.5% in extended trading.
BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering. (Reporting by Manya Saini in Bengaluru Editing by Vinay Dwivedi)
GOGOOOOOOCOOP
GLTA-Ts
Good morning people, Freddie some say the truth hurts or that the truth will set you free, I will leave those sayings to the person/s to choose of their own one, but it isssss not the Messinger you want to shoot UNLESS you constantly repeat the message like the Memorex commercial of years ago (no one wants to constantly hear/read bad news over and over again IFFEN IT ISSSS) lol
GogoooooCOOP
Have a great day people , as its to nice outside to be inside
GLTA-Ts
FYI, If you look at the Bloomberg Economic Surprise monitor, housing is the strongest category relative to expectations.spoke about the hot housing market last week on an episode of the podcast with Ali Wolf, the Chief Economist at Zonda. Along with the episode, Ali sent us over a bunch of charts from her own data, including this one which mentions that a third of builders are concerned about their own credit conditions, and possible constraints they may face when it comes to meeting the market.
Despite higher rates, and the collapse of multiple banks, there's scant evidence of a major collapse in credit availability. Things seem to be tightening, but so far not dramatically. Nonetheless, this speaks to some of the perverse effects of rate hikes. In theory, they cool demand. And maybe they're doing that. But they also play a role in supply. And reducing the number of new homes that get built, because at the margin some builders have less access to financing, doesn't really help anyone.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ipXM7spRj4xo/v0/-1x-1.png
Follow Bloomberg's
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FYI.
Charles Schwab: Another 13.6 Billion Reasons To Be Bullish
May 15, 2023 12:15 PM ETThe Charles Schwab Corporation (SCHW)23
The management team at The Charles Schwab Corporation announced some rather interesting data for the month of April.
The company saw net inflows of client assets as well as other impressive financial changes.
These data points give investors additional reason to be bullish about the business moving forward.
Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate.
One of the nine companies that I currently own shares in is The Charles Schwab Corporation (NYSE:SCHW). As of this writing, the company is my smallest holding, making up only 4.1% of my portfolio. But that doesn't mean that I don't have a tremendous amount of faith in it.
Earlier this year, because of the banking crisis, the business came into focus and some investors had doubts about the stability of the enterprise. But given the nature of the operation, how diverse its business model is, and relying on data that has come out since then, I have been incredibly bullish. And on May 12th, the management team at the company revealed even more reasons why investors should be optimistic about the firm moving forward.
Solid data
The past couple of months have been really hard for shareholders of Charles Schwab from a share price perspective. Since the end of February, which was right before the banking crisis began, shares of the enterprise have fallen 37.2%. That's a massive decline and underscores just how worried about the business investors and market watchers are. But at the end of the day, it's not the concern that investors have that matters. Rather, it's the data that is reported by management that ultimately determines how things are going. And when that data is solid, investors should use the low share price of the business as an opportunity to buy in or to increase their stake in the company.
The most recent data provided by management that is noteworthy came out on May 12th. This was in the form of the monthly activity report that management comes out with every month. At top of mind, at least for me, was the account data provided by management. During April, the company reported an additional 331,000 brokerage accounts being opened on its platform. This falls nicely in the typical range for the company over the past several months. For context, this number in March was 378,000. Back in April of last year, it totaled 386,000. For those worried that the most recent reading might indicate a weakening in the company's value proposition, keep in mind that, from April of last year through April of this year, 9 different months had new brokerage account additions lower than what the company achieved last month.
Actual active brokerage accounts were a slightly different story. This number also rose, but the increase was less than the 331,000 reported. For the month, the company had 34.25 million active brokerage accounts on its platform. This was 128,000 above what it was in March of last year and represented an increase of 489,000 compared to April 2022. In fact, the number reported for April was the highest on record for the company. No matter how you stack it, that's a positive outcome for shareholders. The number of banking accounts for the company also hit a high of just under 1.76 million. That compares to the 1.75 million reported one month earlier and the 1.65 million reported in April of last year. It's also worth noting that the company recorded 530,700 customers receiving what management calls "investor services" during the month. That's up from the 526,200 seen one month earlier and compares nicely to the 509,300 reported in April of last year. Meanwhile, the number receiving 'advisor services' grew to 3.39 million. This number was 3.37 million one month earlier and stood at 3.19 million in April of 2022.
We should shift some at this point to the assets the company holds. There are two different measures of changes to the assets on the company's books. The first and more volatile is what management calls new market gains or losses. This is largely associated with returns or losses experienced in accounts based on fluctuating security prices. In April, this was only $37.9 billion. But considering this number fluctuates significantly with market conditions, I don't have any qualms on this.
More important in my eyes would be the net new assets they have come onto the platform. After a massive haul of $72.9 billion in the month of March, the company experienced a net inflow of $13.6 billion in April. While this is smaller than the typical $20 billion to $50 billion that the company historically achieves, it's not unexpected. In fact, in April of last year, the company saw a net outflow of $9.2 billion. Management attributes the weakness in the month of April to its clients taking out capital in order to pay taxes. This makes a tremendous amount of sense. There is a separate measure of this called core net new assets. This basically adjusts for large acquisitions and other one-time events. The company unfortunately did see a net outflow of $2.3 billion for the month. But again, that was better than the $9.2 billion in outflow reported one year earlier.
Although some investors will point out the declining bank account figures, I would argue that, on the whole, The Charles Schwab Corporation is doing really well for itself. The total value of its assets came in at $7.63 trillion for the month of April. This was up nicely from the $7.58 trillion reported in March, and it's up from those $7.28 billion reported for April of last year. Almost all The Charles Schwab Corporation metrics that matter are continuing to grow and, I would argue, the business is healthier than it was even a year ago.
Given how this data looks and how much shares have fallen in recent weeks, I cannot help but rate The Charles Schwab Corporation a "strong buy." I likely will use some incoming capital to increase my stake in the company a bit more.
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https://seekingalpha.com/article/4604619-charles-schwab-another-13-6-billion-reasons-to-be-bullish
GoGooooooCOOP
GLTA-Ts
Good morning people, jhd what’s left to say/post except for the bickering on the where,who and how much has been worn out and next is a picture of a old dried up mining town , truly what is left is the PPS of COOP, to watch now and then IFFEN you are truly a shareholder as I am EOS
GOGOOOOOOCOOP
GLTA-Ts
Good morning people , Item 8.01.on page 4 of 12 ( Nationstar Mortgage LLC. of Del.
GoGooooooCOOP
GLTA-Ts
jhd51, Well I do believe that Bus, Train, Plane has left the station for the 1st class tickets, but there is still room for the economy class tickets AIMHO.
GOGOOOOOOCOOP
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Good morning people, I want to say one thing and one thing only about Ole Cactus, he was right about one thangggg , there was monies to be made with this paper COOP and some did, Now this childless BS’ing continue because a lot of posters got nothing better to do it seems , I know when I got nothing better to do I come here incase IFFEN happens or I have more monies in play because of COOPS pps elevators RIDES besides my banked shs, NOW AS FOR THE REPETITIVE ONE’s, welllllll that’s children playing he said she said EOS.
GoGooooooCOOP
Life is good ,so enjoy
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A blast from the past , WASHINGTON MUTUAL BANK - Receivership Balance Sheet
https://receivership.fdic.gov/drripbal/bank/10015?FIN=10015
This is from BP site and Thanxs goes to HSGWSWAMU26YEARS
It’s to nice outside to be inside
GoGooooooCOOP GLTA-Ts
FYI. Reuters) - Canada’s Toronto-Dominion Bank Group on Thursday called off its $13.4 billion takeover of First Horizon Corp, triggering a near 40% fall in the U.S. regional bank’s shares. First Horizon and TD said in a statement they had mutually decided to end the deal because there was no clarity on when they would get regulatory approvals.
TD will pay $200 million to First Horizon, in addition to a $25 million fee reimbursement.
TD’s biggest deal to date, which it launched more than a year ago, had faced months of regulatory uncertainty and Canada’s No. 2 lender came under pressure from some investors to scrap the purchase after the U.S. regional banking crisis.
A spokesperson for First Horizon said the termination was solely related to TD, which was unable to get approvals, and had nothing to do with ongoing banking turmoil.
First Horizon CEO Brian Jordan told investors that TD informed the U.S. bank that they “could not provide an updated timeline for an extension and they could not produce assurance of regulatory approval in 2023 of 2024.”
TD declined to comment beyond the press release.
“We are surprised that the parties could not come to an agreed upon lower price and believe that there could be broader repercussions from walking away,” Barclays analyst John Aiken said.
This could affect the willingness of potential partners to sit across the table from TD in the future,” Aiken added.
TD agreed to buy First Horizon in February last year in a deal it said at the time would have made it the sixth-largest U.S. bank, raising its position from No. 8, with about $614 billion in assets and operating in 22 states.
The Canadian bank also has a stake in Charles Schwab, making it one of the most exposed to U.S. markets, and its First Horizon u-turn leaves its U.S. strategy in limbo.
“We believe TD shareholders will be concerned about the bank’s ability to deploy excess capital into the U.S. market given regulatory headwinds that could persist for the foreseeable future,” KBW analyst Mike Rizvanovic said.
The collapse of the deal further spooked already shaky sentiment towards U.S. regional banks. Three have collapsed since February after a deposit flight spiraled out of control.
The latest was First Republic Bank, which was taken over by regulators who then sold its assets to JPMorgan Chase & Co earlier this week.
Average deposits at First Horizon fell 4% to $62.2 billion in the first quarter, compared to the end of last year.
Graphic: First Horizon's wild ride since deal offer - here
TD, which acquired New York-based boutique investment bank Cowen Inc for $1.3 billion this year, was also in the running for BNP Paribas’ U.S. unit, Bank of the West, but later lost that bid to peer Bank of Montreal.
ORTEX said on Thursday that TD was still the world’s most shorted banking stock, confirming its position early last month.
Reporting by Niket Nishant in Bengaluru; Editing by Savio D’Souza, Nivedita Bhattacharjee, Anil D’Silva and Alexander Smith
Ts
This pps thanggggg should be nothing new ,it has been going on for what seems like forever, you either play the currents and ride the waves and bank the curls , sitting on the sidelines does nothing for the time complaining ( one must remember NSM’s past as I have been saying for a long time now),as for me I’m waiting to play this game again and gain whichever way it goes, the gift that keeps on giving ,GoGooooooCOOP
Life is goooood
GLTA-Ts
Good morning people FYI PacWest confirms strategic options talks after US bank shares plunge
May 3 (Reuters) - PacWest Bancorp (PACW.O) said late on Wednesday it was in talks with potential partners and investors about strategic options after shares of the Los Angeles-based lender and several other U.S. regional banks tumbled amid fears of a worsening banking crisis.
In a statement, PacWest said it had not experienced any unusual deposit outflows since the sale of First Republic Bank to JPMorgan Chase & Co (JPM.N) was announced on Monday
The planned sale of its $2.7 billion lender finance loan portfolio remained on track and once completed would increase its common equity tier one ratio from 9.21% to at least 10%, the bank added.
"In accordance with normal practices the company and its board of directors continuously review strategic options," PacWest said.
"Recently, the company has been approached by several potential partners and investors - discussions are ongoing. The company will continue to evaluate all options to maximize shareholder value," it added.
GLTA-Ts
CWG FYI.
The DTCC’s user-owners include: Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays, BNY Mellon, Bank of America.
GLTA-Ts