All articles tagged with #retail investing
Charles Schwab reported a 48% increase in net new assets to $134.4 billion in Q3, driven by a surge in retail investing, with record revenue and earnings, expansion of physical branches, and a $20 billion stock buyback program, reflecting strong client interest in the stock market.
The market sees a surge in meme stocks like Opendoor and Krispy Kreme, driven by retail investor enthusiasm on social media platforms like Reddit's WallStreetBets, with stocks moving independently of their fundamentals amid broader trading technology advances and increased retail confidence.
Charles Schwab Corp. shares fell after the company reported fewer new brokerage accounts than analysts expected, despite beating earnings estimates with a net income of $1.33 billion for the quarter. The company plans to introduce an alternative investments platform this year.