Charles Schwab's Latest Earnings Could Signal the Worst Is Over

This hasn't been the best year for the banking industry so far. The domino effect of Silicon Valley Bank's collapse sent a panic through the industry, crushing many smaller regional banks and raising skepticism about the sustainability of many other larger banks and financial companies.

Charles Schwab (NYSE: SCHW) wasn't immune to this sentiment. The company saw its stock price drop more than 36% from January to early March. It's now down around 20% year to date, which actually is an improvement thanks to a single-day 12% jump after it released second-quarter earnings.

Image source: The Motley Fool.

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Source Fool.com