Schwab Gets Robbed (Sort Of)
Charles Schwab and its peers got caught up in the regional banking crisis earlier this year, as higher interest rates and depositor uncertainty caused a flight of cash away from smaller players in the space. The stock quickly fell 50% from its January highs and has struggled to recover since. 😰
So, let’s analyze today’s earnings report to see if the future looks any brighter for shareholders. 👇