Schwab's Safe Haven Status Attracts Billions Amid Market Turmoil
TL;DR Summary
Charles Schwab reassured investors that it remained a "safe port in a storm" amidst the current crisis of investor confidence in the banking sector. The financial services and discount brokerage giant added $16.5 billion in core net new assets over the past five trading days. Despite a drop in stock prices, Schwab's executives and directors have bought nearly $7 million worth of shares over the past week.
Topics:business#charles-schwab#finance#financial-services#investor-confidence#net-new-assets#stock-market
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- Charles Schwab Corp. stock falls Friday, underperforms market MarketWatch
- Schwab Customers Added $16.5 Billion in Tumultuous Week for Banks Bloomberg
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