![]() If anyone wants to debate this with snarky responses please start your message with what company you believe is benefiting more than Schwab from this recent banking "crisis. The attempts to create fear regarding an earnings hit from cash sorting are pretty silly as they should be forced to discuss how the money Schwab was making from the spread of cash sweeps was never intended to be a long-term earnings driver. I would simply ask them to explain where did the money fleeing regional banks go? I personally know several examples of families that immediately opened more accounts with Schwab and moved large sums of money into existing accounts, new accounts and even created LLC accounts. There are plenty of ways brokerages make money, fees on products, managed money, transfer fees, FX exchanges, etc but this near-term noise is distracting some folks from seeing that Schwab may be the biggest beneficiary of the recent bank "crisis." It is comical how many authors and people posting are trying to create fear with hyperbolic statements. Fidelity, Vanguard and Schwab are excellent options for brokerages, but Schwab in particular has become top shelf based on trust and customer service. Usage will be monitored.People don't seem to realize that billions of new inflows (since Schwab is the most trusted brokerage) will present far better long-term earnings opportunities than a temporary cash sweep. © 2023 Charles Schwab & Co., Inc. All rights reserved. residents, Charles Schwab Hong Kong clients, Charles Schwab U.K. Learn more about our services for non-U.S. residents are subject to country-specific restrictions. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Neither Schwab nor the products and services it offers may be registered in your jurisdiction. Neither Schwab nor the products and services it offers may be registered in any other jurisdiction. Schwab is not registered in any other jurisdiction. ("Schwab") ( Member SIPC), is registered by the Securities and Exchange Commission ("SEC") in the United States of America and offers investment services and products, including Schwab brokerage accounts, governed by U.S. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. We're also continuously enhancing the Schwab Mobile app to provide an experience that goes beyond the expected. Then take action by intuitively placing your order in just a few taps from almost anywhere in the app. Or if you're looking for your next trade idea, find it with breaking news and interactive charts or get our current market perspective by listening to the daily Schwab Market Update podcast. ![]() Discover what's going on in the markets with real-time information and get alerts about trade opportunities you have your eye on. Get a holistic view of your financial accounts in a single place and securely view important details and easily manage your transactions, like transferring money and paying bills. That's why Schwab Mobile provides you with powerful tools and resources that make it easy to monitor your financial accounts, manage transactions, stay on top of the market, and act on new investment opportunities. Investors want the freedom to choose how they manage their financial life. Environmental, Social and Governance (ESG) Investing.Bond Funds, Bond ETFs, and Preferred Securities.Schwab’s stock closed on Friday at 52.38, down from 76.20 on March 8, two days before the federal government. ADRs, Foreign Ordinaries & Canadian Stocks In a recent note to customers, employees and investors, Charles Schwab.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.
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