The Charles Schwab Corporation

Snowflake Inc.

I just initiated a massive position in **$SCHW** at $48, now second to only **$SNOW** in my portfolio after the stock dumped 20% today and 45%+ in the last week. Easy buy after the CFO came out today to say that the “business continues to perform exceptionally well” with access to “significant liquidity” and “more than 80% of total bank deposits falling within FDIC insurance limits.”
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Oh, and they also got an upgrade from Citi to Buy.
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[https://www.businesswire.com/news/home/20230313005341/en/Schwab-Reports-Monthly-Activity-Highlights](https://www.businesswire.com/news/home/20230313005341/en/Schwab-Reports-Monthly-Activity-Highlights)
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[https://www.marketwatch.com/story/charles-schwab-upgraded-to-buy-from-neutral-but-price-target-cut-to-75-at-citigroup-ab261607](https://www.marketwatch.com/story/charles-schwab-upgraded-to-buy-from-neutral-but-price-target-cut-to-75-at-citigroup-ab261607)

Not to play devils advocate but what do you expect him to come out and say lol. Also a bank upgrading a bank is funny. I respect your decision and I do agree the drop is a little overreacting so I think you can be in it for a trade but I agree with what Morgan Stanley said this morning. MORGAN STANLEY: “We suggest selling any bounces on a government intervention to quell the immediate liquidity crisis at SVB and other institutions until we make new bear market lows, at a minimum.”

Christian

The Charles Schwab Corporation released its Monthly Activity Report today with company highlights for the month of February 2023.

https://www.businesswire.com/news/home/20230313005341/en/Schwab-Reports-Monthly-Activity-Highlights

Schwab Reports Monthly Activity Highlights

Charles Schwab Corp. was lifted to buy from neutral on Monday by Citigroup analysts, who see a a “compelling entry point” from a 23% drop over two days....

https://www.marketwatch.com/story/charles-schwab-upgraded-to-buy-from-neutral-but-price-target-cut-to-75-at-citigroup-ab261607

Charles Schwab upgraded to buy from neutral, but price target cut to $75 at Citigroup

Buy the Dip: Schwab $SCHW

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