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They also have $4.3T in AUM. $175M for them is quite literally pennies to them.

• paxys 1y ago
  AUM isn't relevant because it isn't their money.
  • bix6 1y ago
    Well they get fees on it so what do they care?
    • paxys 1y ago
      They only get fees if you use their wealth management services. You can open an account and start trading stocks/ETFs for free, and they get nothing.
      • bix6 1y ago
        Not true. They get payment for order flow, spread capture, cash sweep, securities lending, etc.
        • paxys 1y ago
          None of which has anything to do with their AUM
          • bix6 1y ago
            Sure AUC what’s up with all the nitting sheesh!!!
• zeusk 1y ago
  AUM is not theirs to keep; and market cap is a very deceitful metric especially for banks where liabilities dwarf the market cap.
  • bix6 1y ago
    My point is that it’s a minor transaction for them