Business
Bank stocks rallied. Why was Charles Schwab criticized too?
On Thursday, bank stocks hammeredand shares of brokerage firm Charles Schwab also fell 13%. On Friday, the pain continued, with Schwab incurring an additional 6% discount at midday. Wait, what?
No doubt many investors are scratching their heads over why Schwab is a good fit for bank stocks. Company is synonymous with investment, not checking and saving.