Charles Schwab CEO says firm is seeing significant inflows and that he bought the stock Tuesday
Publishing timestamp: 2023-03-14 16:11:17
Summary
Charles Schwab CEO Walt Bettinger has revealed that the firm is still experiencing significant asset inflows, despite fears of a banking crisis following the collapse of Silicon Valley Bank. Bettinger stressed that the firm doesn't buy long-duration assets and has a low loan-to-deposit ratio. He also bought 50,000 shares for his personal account, worth nearly $3m at Schwab's open price on Tuesday. The firm saw its stock fall nearly 12% on Monday, but rebounded 9.2% on Tuesday.
Sentiment: NEUTRAL
Tickers: SCHW,
Keywords: breaking news: markets, charles schwab corp, business news,