Margin loan balances at Charles Schwab swelled to nearly $190 billion in the third quarter, fueled by the growth of one tax-loss harvesting strategy.
The surge in borrowing reflects heightened activity tied to a popular tax-saving trade on Wall Street.
This tax-loss harvesting strategy has become a key driver of margin loan growth across brokerage firms.
The trend underscores how tax-efficient investing strategies are amplifying leverage in the brokerage industry.
来源: Wall Street Journal Markets · 由HeadlinesBriefing整理摘要