![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2023/03/why-charles-schwab-is-taking-a-beating-along-with-bank-stocks.jpg?w=640&ssl=1)
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:
Bed Bath & Beyond Begins Talks on Bankruptcy Loan, Takeover
GoodRx Stock Is Plunging to a Record Low. Its Earnings Were That Bad.
Warren Buffett's $646 Million "Secret" Portfolio: 5 Magnificent Stocks Added
Biggest Gold Miners Are Missing Out on Bullion’s Record Run
S&P 500 Just Had Its Best Three Weeks Since 2020. What History Says Happens Next.