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:
Woman sues Dunkin' store owner over alleged humiliating coffee spill
US home listings just surged 19% in a turnaround for the supply-constrained real estate market — but...
PepsiCo Is Known for Sodas Such as Pepsi and Mountain Dew. But Almost 50% of Its Profits Comes From ...
Australia Farmers Are Giving Sheep Away for Free After 75% Price Plunge
I’m 68, my husband is terminally ill, and his $3 million estate will go to his son. I want to spend ...