On Thursday, bank stocks got hammered, and so did shares of brokerage firm Charles Schwab, which dropped 13%. On Friday the pain continued, with Schwab suffering another 6% decline by midday. Wait, what?
No doubt many investors are scratching their heads as to why Schwab would fall in line with bank stocks. The firm is synonymous with investing, not checking and savings.
Source: finance.yahoo.com
Related posts:
Russia’s Swift Exclusion Could Spur Cyber Attacks. 10 Stocks That Could Benefit.
Billionaire investor Leon Cooperman sees a ‘self-induced’ crisis and a stock picker’s market. Here’s...
Young Millionaires Don't Put All Their Eggs In One Basket – Here's What They Are Investing In For Ma...
Billionaire Investor Bill Ackman Has 34% of His Portfolio Invested in 2 Brilliant Growth Stocks
Nvidia's Stock Split Happens on June 7. Here's What to Expect.