Hacker News Reader

$175M isn’t that big for JPM. It’s only 0.02% of its market cap.

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

AUM isn't relevant because it isn't their money.

Well they get fees on it so what do they care?

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.

Not true. They get payment for order flow, spread capture, cash sweep, securities lending, etc.

None of which has anything to do with their AUM

Sure AUC what’s up with all the nitting sheesh!!!

AUM is not theirs to keep; and market cap is a very deceitful metric especially for banks where liabilities dwarf the market cap.

My point is that it’s a minor transaction for them