Charles schwab articles
-
Charles Schwab's profit drops on higher interest payouts
Rate hikes by the U.S. Federal Reserve have compelled companies like Schwab to increase the interest they pay on deposits - a crucial source of capital that is used to invest in interest-earning assets and give out loans. Schwab has also taken on debt to bolster its funding, which hit interest revenue further. The interest rate on its borrowings from the Federal Home Loan Bank was 5.27%, compared with 5.05% a year ago.
-
The Charles Schwab Co. (NYSE:SCHW) to Issue Quarterly Dividend of $0.25
The Charles Schwab Co. (NYSE:SCHW – Get Free Report) declared a quarterly dividend on Wednesday, April 24th, RTT News reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.25 per share by the financial services provider on Friday, May 24th. This represents a $1.00 dividend on an annualized basis and […]
-
Resonant Capital Advisors LLC Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)
Resonant Capital Advisors LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,659 shares of the financial services provider’s stock after selling 914 shares during the period. Resonant Capital Advisors LLC’s holdings […]