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Charles Schwab Stock Gets a Double Downgrade. Blame Interest Rates.

Por: MarketWatch Business January 19, 2023

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High interest rates helped the firm, allowing it to make more money on the cash it held. The stock rose 30% from July to December.  But what was a blessing could soon become a curse. On Thursday, BofA’s Craig Siegenthaler and team lowered their rating on the stock to Underperform , the equivalent of Sell, from Buy. Schwab is arguably the biggest beneficiary of higher interest rates across the industry with roughly 60% of its revenue stemming... + full article



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