The KBW Nasdaq Bank Index was up 0.7% on Wednesday, on pace to snap a seven-day losing streak, according to Dow Jones Market Data. Charles Schwab was up 2.2%...
The KBW Nasdaq Bank Index BKX, +0.66% was up 0.7% on Wednesday, on pace to snap a seven-day losing streak, according to Dow Jones Market Data. Charles Schwab SCHW, +2.46% was up 2.2% as it boosted the sector. Schwab on Tuesday filed plans to raise $2.35 billion in debt by offering $1.35 billion in 6.136% fixed-to-floating rate senior notes due 2034, as well as $1 billion in 5.875% fixed rate senior notes due 2026.
Deutsche Bank reiterated a buy rating on Schwab and said stock losses by Schwab on Tuesday were sparked by the debt offering, but said the drop presented a buying opportunity. Among other financial stocks, Bank of America Corp. BAC, -0.46% fell 0.2%, while JPMorgan Chase & Co. JPM, +0.33% moved up by 0.3% and Goldman Sachs Group Inc. GS, +0.69% added 0.6%. The Financial Select Sector SPDR Fund XLF, +0.67% rose 0.5% and the SPDR Regional Banking ETF KRE, +1.18% rose 1.3%.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Schwab plans ‘lower headcount,’ office closings to save $500 millionCharles Schwab Corp. late Monday said it plans to reduce costs to the tune of $500 million a year through a “lower” employee headcount and professional...
Consulte Mais informação »
Charles Schwab to reduce headcount to bring down costs By ReutersCharles Schwab to reduce headcount to bring down costs
Consulte Mais informação »
Charles Schwab plans to cut jobs, close offices as downturn hits Wall StreetSchwab has had to turn to supplementary funding sources to counter an uncertain economic environment.
Consulte Mais informação »
Charles Schwab slashing jobs, offices to streamline operationsThe Charles Schwabe Corporation reported in an SEC filing Monday it plans to close or downsize some corporate offices and reduce its headcount to cut costs.
Consulte Mais informação »
Charles Schwab plans job cuts and office downsizing amid efforts to reduce operating costsCharles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing.
Consulte Mais informação »
Charles Schwab plans job cuts and office downsizing amid efforts to reduce operating costsCharles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing
Consulte Mais informação »