It’s been a rough year for Charles Schwab stock. Shares plunged in March amid the regional bank crisis and remain at depressed levels. An ongoing investor concern is the flow of customer money out of Schwab’s low-yielding cash accounts into more appealing options, a practice known as cash sorting. That hurts the company, because those cash accounts are a significant source of its revenue. Schwab executives have said cash shorting should abate this year, but analysts at Bank of America are skeptical and recently warned the woes may spill over into 2024.
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Source: https://www.barrons.com/advisor/articles/weeks-best-charles-schwabs-cash-headache-15f7edd7?siteid=yhoof2&yptr=yahoo