Charles Schwab: Buy, Sell, or Hold?
Charles Schwab(SCHW) The Motley Fool·2024-08-24 22:41Could now finally be the time to buy the struggling financial services stock?Charles Schwab (SCHW 0.19%) has been under pressure over the past couple of years as multidecade high interest rates have weighed on the business. The financial services company, which has relied heavily on low-cost deposits to fund its business, has struggled with declining bank deposits and has been forced to rethink its business model.During its second-quarter earnings call, CEO Walt Bettinger said that the bank would reduce the ...