Submitted by mrnotadvice t3_121xma3 in wallstreetbets
SocraticGoats t1_jdph75o wrote
If SCHW goes down we will have bigger problems tham SCHW going down.
MyPeePeeReversed t1_jdpvqxw wrote
This is true. Schwab has 1.7T assets under management AUM, while Morgan Stanley (Etrade) has 1.9T AUM. Both practically giants. If one goes down, you definitely have bigger issues too worry about.
mrnotadvice OP t1_jdr5uyr wrote
One difference is that Schwab does no investment banking. Morgan does. Makes Schwab “safer.”
Farnswirth t1_jdrfp06 wrote
> As of the end of 2022 Schwab had $7.48 trillion in total client assets.
According to OP
Viewing a single comment thread. View all comments