Charles Schwab CEO defends business as shares tank after earnings

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

日本 ニュース ニュース

Charles Schwab CEO defends business as shares tank after earnings
日本 最新ニュース,日本 見出し

In a Thursday interview with CNBC’s Jim Cramer, Charles Schwab CEO Walt Bettinger pushed back against negative sentiment on Wall Street about his company.

In a Thursday interview with CNBC's Jim Cramer, Charles Schwab CEO Walt Bettinger pushed back against negative sentiment on Wall Street about his company.

Schwab saw shares decline this week after certain metrics in its banking business fell short of expectations during the recent quarter.CEO Walt Bettinger pushed back against negative sentiment on Wall Street about his company, which saw shares plummet this week after certain metrics in its banking business fell short of expectations during the recent quarter.But Bettinger suggested that cash shorting is not a significant issue.

According to Bettinger, there is"confusion" about when customers use Schwab as a fiduciary and when they use Schwab to make"self-directed" investments. As an investment advisor, Bettinger said Schwab ensures that their clients' cash goes into a high-yielding money market fund. But when money management is"self-directed," investments are"completely up to the client," he said.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

NBCLA /  🏆 319. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stocks making the biggest moves midday: Charles Schwab, Match Group, Bank of America and moreThese are the stocks posting the largest moves in midday trading.
ソース: CNBC - 🏆 12. / 72 続きを読む »