—and sent shares spiraling downward. Executives, including founder Chuck Schwab, acted quickly to reassure investors. Shares rebounded, but at $53, they are down 36% this year and far below their 52-week high of $93.
Wall Street analysts suggest that investors, spooked by liquidity concerns everywhere, have overreacted. But there are clear reasons to be cautious toward the stock (ticker: SCHW). Rising interest rates and outflows of clients’ cash could take a sizable bite out of Schwab’s earnings.
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