$17.88
-0.34 (-1.87%)
The Charles Schwab Corp (SCHW)
CAPS Rating:
The Company is engaged in securities brokerage, banking, and related financial services. It provides financial services to individuals and institutional clients through two segments: Schwab Investor Services and Schwab Institutional®.
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Decent results......will take it in this market when everything is heading south! Company has a healthy balance-sheet - pproximately $5 billion in cash and about $11 billion in receivables with very limited debt.
Some exposure in mortgage-backed securities, however, not as significant as it is for the financial institutions.
SCHW should be able to weather this market and come out strong when people start investing their money using companies like Charles Schwab. Like their ads too!