Charles Schwab reports earnings Monday morning, and shareholders will be looking for signs that the company’s cash sorting woes are behind it.
One of the nation’s largest brokerage firms, Schwab has been under pressure this year as cash sorting, or bank customers’ inclination to move assets to higher yielding options in today’s higher interest rate environment, has caused its bank deposits to plummet and financing costs to rise. Plus, there was some attrition of TD Ameritrade customers in July and August.
Schwab’s…
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