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Charles Schwab's CEO Bettinger Announces Retirement, Names President Rick Wurster As Successor
Tuesday, October 1, 2024 - 9:23am | 467Charles Schwab Corp. (NYSE:SCHW) CEO Walt Bettinger will retire at the end of 2024. Rick Wurster, the current president, will succeed him starting Jan. 1, 2025. What Happened: Bettinger, who turns 65 next year, cited his upcoming birthday as a reason for stepping down. He will continue to serve as...
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Schwab Impervious To A Bank Run? CEO Says Firm Is 100% Insulated If Depositors Flee
Thursday, March 23, 2023 - 11:58am | 549On the day after U.S. Treasury Secretary Janet Yellen ruled out the idea of a complete bank deposit guarantee, Charles Schwab Corporation (NYSE: SCHW), the tenth largest bank in the U.S., came out and reaffirmed the soundness of its liquidity position and balance sheet. In an exclusive...
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A Q4 Earnings Tale: Will Robinhood Investors Be Rewarded With Riches Or Continue To Suffer From Stock's Poor Performance?
Wednesday, February 8, 2023 - 1:13pm | 680Robinhood Markets Inc (NASDAQ: HOOD) is set to report fourth-quarter results after the bell Wednesday. The stock is up nearly 30% year-to-date heading into the print. Here's a look at what to expect after the close. What To Know Ahead Of The Report: Robinhood is expected to report a...
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Charles Schwab CEO Walt Bettinger Weighs In On Earnings Results: 'It Was Simply Outstanding'
Tuesday, January 18, 2022 - 6:09pm | 457Charles Schwab Corporation (NYSE: SCHW) is trading lower Tuesday after the company announced fourth-quarter financial results. What Happened: Schwab reported quarterly adjusted earnings of 86 cents per share, which came in just below the estimate of 87 cents per share. The company reported...
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Brokerage Revenues Set Records This Earnings Season As Volatility Returns To The Market
Tuesday, April 24, 2018 - 8:36am | 643Last week, E*TRADE Financial Corp (NASDAQ: ETFC) reported $5.3 billion in new brokerage assets, $10.5 billion in customer margin balances and 309,000 daily average revenue trades (DARTs) for the quarter — all company records. “This was yet another quarter defined by meaningful progress...
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Market Wrap For April 3: Markets Winning Streak Fails To Extend To Five Days
Thursday, April 3, 2014 - 5:50pm | 2205U.S. stocks were unable to post its fifth consecutive day of gains as the weekly jobless claims figure gained more than expected. Investors and traders were likely sitting on the sideline, waiting for Friday's monthly government jobs. Economists are expecting a gain of 197,000 new jobs in March...