Thousands of login issues were reported amid market volatility.
Online brokerage firms, mutual fund and ETF customers had troubled executing orders as U.S. stocks tumbled in tandem with global equities from Japan to Europe on Monday.
Thousands of login issues reported amid market volatility.
Global equity markets dropped — again — on Monday as the Dow DJIA, S&P 500 SPX and Nasdaq COMP were all down more than 2% as of late morning.
Charles Schwab fell following July's earnings call when it said it would take actions to shrink its banking footprint. The company has struggled with falling deposits and higher funding costs since last year's regional banking crisis.
Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday.
Retail financial services firm Charles Schwab Co. NYSE: SCHW shares fell 17% in the days following its Q2 2024 earnings report. The company still beat EPS estimates and just barely eked out a YoY revenue gain.
Charles Schwab reported earnings for the second quarter this week. The company is doing well in acquiring assets but facing headwinds in its banking operations.
Charles Schwab shares dropped over 5% after reporting Q2 earnings, with revenue up 1% and interest revenue down 6%. Despite mixed earnings, SCHW remained profitable, expanded its net margins, and reported strong core net new asset growth in the second quarter. The drop in share price presents a buying opportunity for investors as the company is undervalued and the valuation reflects a higher safety margin.
In a Thursday interview with CNBC's Jim Cramer, Charles Schwab CEO Walt Bettinger pushed back against negative sentiment on Wall Street about his company. Schwab saw shares decline this week after certain metrics in its banking business fell short of expectations during the recent quarter.
Three key concerns from investors have been weighing on Charles Schwab Corp. as the brokerage giant's stock slide extends into a fifth day, JPMorgan Chase analyst Kenneth Worthington said in a note Thursday.
Investors so disliked the brokerage's earnings report published on Tuesday, they continued their sell-off. This was aided by a round of price-target cuts and even a recommendation downgrade from analysts.