Selling is never as easy as buying.
News & Analysis: Charles Schwab
The asset management and brokerage firm got one massive deal back on track, and closed on other deals that add client assets and new technology.
How can this well-run brokerage capitalize on what comes next?
Schwab has scaled up through acquisitions.
The brokerage will again hand out $0.18 per share on its common stock, which at current trading levels yields about 2%.
These are less traditional banks in the sense that they rely less on loans and more on fee income from investment management and servicing, and trading.
Schwab, along with soon-to-be-acquired TD Ameritrade, generates more fee revenue than trading commissions.
The brokerage's whiffs were relatively narrow, however.
Many people have a lot of spare time on their hands, and the promise of quick riches can be alluring. Get the facts here.
Financial services stocks are getting torpedoed again in March by the coronavirus-driven market sell-off that started in February.