Charles Schwab Corp
Canada’s TD Bank to exit Charles Schwab stake worth $15.4 billion
A pedestrian walks by a Charles Schwab office on November 25, 2019 in San Francisco, California. Justin Sullivan | Getty Images Toronto-Dominion Bank announced on Monday it will exit from the 10.1% stake it has in financial services firm Charles Schwab, as part of a strategic review undertaken by the Canadian lender following a landmark […]
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Stocks making the biggest moves midday: Frontier, Trump Media, T-Mobile, Starbucks and more
Check out the companies making headlines in midday trading. F5 — Shares jumped more than 11% after the application security company posted better-than-expected guidance for the fiscal second quarter. F5 said to expect revenue to come in between $705 million and $725 million, beating the consensus forecast of $702.7 million from analysts polled by FactSet. […]
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Trump Media surges after expansion into financial services including crypto and ETFs
This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media and Technology Group is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the […]
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Stocks making the biggest moves midday: Apple, 3M, Walgreens, Moderna, Urban Outfitters and more
Check out the companies making headlines in midday trading. Apple — Shares tumbled 4% after Jefferies downgraded the iPhone maker to underperform from hold. The firm said Apple’s AI outlook is “subdued” and believes it may miss on revenue when it reports fiscal first quarter results later this month. Loop Capital also lowered its rating […]
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KBW names Citigroup, these other stocks as the firm’s favorite picks for 2025
As Wall Street looks to extend gains in the new year, Keefe, Bruyette & Woods pegs financial stocks, including Synchrony Financial and Citigroup, as some of the firm’s top picks for 2025. Despite some lingering questions about the Federal Reserve’s forward path this year with rates, stocks are still well in the midst of an […]
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Bitcoin tops $100,000 as monster 2024 rally reaches new heights
A neon sign indicates that Bitcoin is accepted inside the venue of the Paralelni Polis project, an organization combining art, social sciences and modern technology, in Prague, Czech Republic, on Friday, Jan. 5, 2024. Milan Jaros | Bloomberg | Getty Images The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time […]
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Ole Andreas Halvorsen’s Viking Global opened stakes in two turnaround stories in the third quarter
Ole Andreas Halvorsen’s Viking Global bought into two big, second-half turnaround stories in the third quarter. The Norwegian-American billionaire’s hedge fund opened positions in Starbucks and Tesla sometime during the three months ended Sept. 30, the latest regulatory filing shows. Those bets — worth more than $100 million each — appear to be paying off […]
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Stocks making the biggest moves midday: Tapestry, Capri, Disney and more
Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their […]
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Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and more
Check out the companies making headlines before the bell. Bank of America — Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts’ estimates. Earnings came in at 81 cents, beating the 77 cents expected from analysts polled by LSEG. Revenue was $25.5 billion, versus the $25.3 billion consensus estimate. Johnson & […]
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Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. David Paul Morris | Bloomberg | Getty Images Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years […]
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