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clock Created with Sketch. 03/02/24
10:25
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Originally posted by wolfofasx:
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You do realise that $141B in debt would be for loans they provide to institutional and consumer clients and debt that the asset management arm holds as part of their investments, every bank holds a large amount of debt, they need to, to make their business viable as they make their money on the spread at which they borrow and the rate they charge customers. I can’t see much more of an appreciation in the share price in the current environment unless some positive news comes out from the company but I don’t try and forecast where a share price is gonna be next month, I’m worried about 5-10 years away.
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Since they loaded up with debt in 2022, their ending cash balance and free cash flows have declined.
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