Deadlines sure have a way of flying by, don't they?

You're listening to Motley Full Money.

Austin Sharma joins us now, Austin, how you doing?

I'm doing well, Ricky.

How are you, my friend?

I'm doing excellent.

It has been a big day for the bank watchers and investors with several big ones reporting

today.

But let's turn our attention to Charles Schwab, the multinational financial services

company.

You may know it is the custodian of your retirement account and it has a lot going on

on.

Just some of them, it's trying to integrate TD Ameritrade.

Its net interest income is down about 10% year over year.

Its actual assets under management are up.

Those low interest paying deposits are down by a third from the prior year.

The stock is up 13% this morning.

What do you think its investors are cheering?

Ricky, I think investors are looking at the rate of those deposits leaving and they see

that rate of outflow slowing down.

Now some of that outflow isn't really outflow.

Some of that money is just getting reoriented inside of Schwab into higher yielding money

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