The stock of massive brokerage firm and bank Charles Schwab (NYSE: SCHW) has come under intense selling pressure from the market this year, and is down more than 36%, which is worse than broader bank indexes.

Investors' concerns stem from the fact that Schwab has a large number of unrealized bond losses on its balance sheet and is seeing intense deposit pressure, as clients seek higher-yielding alternatives amid high interest rates.

Although I think Schwab can navigate this difficult environment, I also think that earnings could struggle this year and that there are uncertainties I would like to see abate. So I don't see a need for investors to rush into the stock despite the sell-off.

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Source Fool.com