The CEO of Schwab bought 50,000 shares of stock of his company today, which means he spent over $3M of his own money.
CEO’s statement of “Significant inflow is coming to Schwab” makes perfect sense. All the money in SVB secured by FED has to be transferred to new places.
If the CEO has the confidence in his company and thinks the stock will go much higher, then you should be buying too.
SCHW up 3% out of hours as people start to realise its not only a safe, but extremely well priced regards the banks/brokers that took a hit over SVB. The only question is how high it's going to run after open.
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