Core Insights - Giverny Capital Asset Management's portfolio returned 0.01% in Q4 2025, underperforming the S&P 500's 2.66% return, and YTD returns were 12.58% compared to the Index's 17.88% [1] - The firm faced challenges due to its underweight in large technology stocks and overweight in smaller niche leaders, despite strong earnings growth from portfolio companies [1] - The market's focus on AI investments has overshadowed the actual benefits of the portfolio's holdings [1] Company Highlights: The Charles Schwab Corporation - The Charles Schwab Corporation (NYSE:SCHW) is a leading brokerage and financial services company, with a stock price of $103.92 and a market capitalization of $188.638 billion as of January 30, 2026 [2] - Schwab's stock delivered a 0.17% return in the past month and has increased by 25.58% over the past twelve months [2] - Schwab's earnings grew by over 50% in 2025, with potential growth of over 20% in 2026, and the company added 1 million new brokerage accounts per quarter, totaling over 38 million active accounts [3] - In 2025, Schwab attracted $519 billion in net new client assets, raising total client assets to $11.9 trillion by year-end [3] - Schwab maintains the lowest expense structure in its industry while attracting new clients at a remarkable rate [3] Investment Sentiment - The Charles Schwab Corporation is not among the 30 most popular stocks among hedge funds, with 99 hedge fund portfolios holding its stock at the end of Q3 2025, down from 100 in the previous quarter [4] - While Schwab is recognized for its potential, certain AI stocks are viewed as having greater upside potential and less downside risk [4]

格隆汇1月30日｜嘉信理财宣布，Tyler Woulfe已被任命为嘉信银行的首席执行官，自7月1日起生效，接 替即将退休的Paul Woolway。此外，嘉信理财将其季度股息从每股0.27美元提高至0.32美元。 ...

Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1, 2025-February 28, 2026 $14.88 $0.372000 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H Dividend Period: December 1, 2025-February 28, 2026 $1,000.00 $10.000000 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I Dividend Period: December 1, 2025-February 28, 2026 $1,000.00 $10.00 ...

他提及，然而，目前美国货币政策正处于非比寻常的时期。货币政策独立性与财政部门之间的公开争拗 加剧，已令美联储的机构信誉受到更多关注。这种独立性仍是全球对美元、美国国债以至更阔的美国资 本市场能够维持信心的基石。 他表示，投资者的焦点正从通胀数据与就业报告，转向央行本身的未来方向，尤其是美联储主席鲍威尔 的任期将于2026年5月15日便届满。就未来数月的市场信心而言，美联储的独立性能否维持，其重要性 可能不下于利率路径。 嘉信理财香港高级副总裁及理财顾问林长杰表示，尽管面临日益增加的政治压力要求减息，美联储仍决 定将利率维持在3.5至3.75%的区间不变，反映其决策仍以数据为本。随着去年12月通胀率放缓至2.7%， 并逐渐接近美联储2%的目标，物价压力明显正在缓和。然而，由于主要经济指标所显示的韧性，目前 情况尚未变得过度趋紧。失业率企稳于4.4%，反映劳动市场需求降温的同时，供应也在放缓。 他指出，这种平衡让美联储有足够信心去维持目前的政策立场。除非通胀或劳动市场出现实质转变，否 则美联储很可能于至少2026年5月前，都将继续这种以数据为依归的政策方针。 ...

来源：金融界AI电报 嘉信理财首席策略师凯西·琼斯：美联储FOMC声明可能针对通胀作出一些调整，金融状况宽松。 ...

Welcome back to Morning Trade Live. It's time now for the big picture. So, let's welcome in the team from Charles Schwab.We've got Nathan Peterson, director of derivatives analysis, Schwab Center for Financial Research, and Mike Townsen, managing director, legislative and regulatory affairs at Charles Schwab. Nate, we've got to start with you. Uh, what a busy day.Obviously with the FOMC, we kind of know what they're going to do. Very earnings driven day. We've had Trump out this morning saying America is ba ...

格隆汇1月28日｜嘉信理财香港发布2026年全球及美国市场展望，嘉信金融研究中心宏观研究及策略主 管 Kevin Gordon预期，假如财政支持扩大、劳动市场保持稳定、消费支出得以维持，今年美国通胀仍存 在上行风险，可能会将美联储全年降息次数限制在两至三次。他强调，目前市场正处于持续变动的均衡 状态，导致资金于不同投资风格之间的快速转移，以及板块内部出现高度分散，预料AI将持续主导资 本配置和企业策略。但他指出，AI投资的影响正趋向成熟，未来企业股价能否持续走高，将取决于其 估值能否有实质的盈利增长支持，而非单靠投机去推动，因此稳健的盈利前景将是支持股价的关键。 ...

Investors with an interest in Financial - Investment Bank stocks have likely encountered both The Charles Schwab Corporation (SCHW) and Robinhood Markets, Inc. (HOOD) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks R ...

StockBrokers.com Announces Winners for the 2026 Annual AwardsJan 27, 2026 10:12 AM Eastern Standard Time# StockBrokers.com Announces Winners for the 2026 Annual AwardsShare---The definitive benchmark for online broker reviews, StockBrokers.com reveals the 2026 Annual Awards, determined by independent testing and unbiased analysis.ROYAL OAK, Mich.--([BUSINESS WIRE])-- [StockBrokers.com], the industry's most respected authority on online brokerages, today announced the winners of the 2026 Annual Awards. Since ...

WESTLAKE, Texas--(BUSINESS WIRE)--Charles Schwab has been named the #1 Overall Broker in StockBrokers.com's 2026 Annual Awards for the second consecutive year. Now in its 16 year, the Stockbrokers.com awards are based on unbiased research across over 300 data-based variables and seven key categories including Range of Investments, Advanced Trading, Mobile Trading Apps, Research, Education, Ease of Use, and Overall, making it easier for traders and investors across all experience levels to choose an online b ...