Schwab (Charles) Corp

Schwab Shares Dip on Mixed January Flows Ahead of Fed Minutes

Charles Schwab shares declined 1.4% to $93.72, underperforming the broader market, after reporting strong client inflows but a drop in sweep cash. Markets are closed Monday for the holiday.

Markets 12h ago

Robinhood Shares Drop on Crypto Revenue Shortfall, Investors Eye March Event

Robinhood stock declined nearly 6% after quarterly revenue missed expectations, driven by a 38% drop in cryptocurrency trading income. The company's spending outlook and former CFO stock sale added to investor concerns.

Earnings 2d ago

LPL Financial Shares Stabilize After AI Tax Tool Sparks Brokerage Selloff

LPL Financial shares steadied in premarket trading following an 8.3% plunge, as investors assess the threat of AI automation to traditional tax-planning fees. The selloff spread across major brokerage firms after fintech Altruist unveiled an AI-powered tax strategy tool.

Markets 3d ago

Schwab Shares Rebound Slightly After AI Tax Tool Fears Trigger Brokerage Selloff

Charles Schwab stock edged higher in premarket trading Wednesday, attempting to stabilize after a sharp 7.4% decline the prior session. The selloff was driven by concerns that new AI-powered tax planning tools could pressure advisory fees across the brokerage sector.

Markets 4d ago

Futures Edge Higher Ahead of Delayed Jobs Data; AI Tax Tool Hits Brokerages

U.S. stock futures rose slightly as markets awaited a postponed January employment report. Brokerage stocks slumped on concerns about AI-driven disruption.

Markets 4d ago

Brokerage Stocks Tumble on AI Tax Tool Launch, Schwab Leads Decline

Charles Schwab shares fell 7.5% in after-hours trading as Altruist's new AI tax-planning platform sparked concerns over automation in advisory services. Other major brokerages also saw significant declines.

Technology 4d ago

Wealth Management Stocks Tumble on AI Tax Tool Disruption Fears

Morgan Stanley shares dropped nearly 4% as a new AI-powered tax planning tool from fintech Altruist sparked a sector-wide selloff, raising concerns about technology disrupting traditional advisory models.

Markets 4d ago

Robinhood Shares Surge on Analyst Upgrade Ahead of Quarterly Results

Robinhood Markets stock rose sharply in extended trading after Wolfe Research upgraded the brokerage to Outperform with a $125 price target, as investors await Q4 earnings focused on crypto revenue trends.

Earnings 5d ago

Morgan Stanley Shares Rebound 2.3% as Dow Tops 50,000, Eyes on Data

Morgan Stanley stock gained 2.3% on Friday, halting a three-day decline amid a broad market rally that pushed the Dow above 50,000. Investors now await key delayed U.S. jobs and inflation figures.

Markets 6d ago

Schwab Nears 52-Week Peak Amid Insider Sale, Awaits Key Data

Charles Schwab shares advanced 3% to $105.08, approaching a yearly high as markets rallied. Co-chairman Walter Bettinger sold over 257,000 shares this week, filings show.

Markets Feb 8

Morgan Stanley Rebounds as Dow Tops 50,000; Focus Shifts to Fed Policy and AI Spending

Morgan Stanley shares gained 2.34% to $179.96 on Friday, ending a three-day decline amid broader market strength. The Dow Jones Industrial Average closed above 50,000 for the first time.

Markets Feb 7