简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Asset management firm Baron Capital bought Charles Schwab shares, CNBC reports
Abstract：(Reuters) – Asset management firm Baron Capital bought stock of Charles Schwab on Monday, CNBC reported on Tuesday, aiming to buy a dip in its shares amid a meltdown in financial stocks.
(Reuters) – Asset management firm Baron Capital bought stock of Charles Schwab on Monday, CNBC reported on Tuesday, aiming to buy a dip in its shares amid a meltdown in financial stocks.
Shares of the broker jumped 13% to $58.6 in premarket trading, recouping losses a day after falling 12% to their lowest since November 2020.
On Monday, the Texas-based Charles Schwab reported a 28% decline in average margin balances and a 4% fall in total client assets for February, piling more pressure on the financial services firm amid fears over the fallout from Silicon Valley Banks collapse.
Both Baron Capital and Charles Schwab did not respond immediately to Reuters requests for comment.
(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra Eluri)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiFX Broker
Latest News
Why Even the Highly Educated Fall Victim to Investment Scams?
WikiFXWarning Against Globalmarketsbull & Cryptclubmarket
WikiFXAxi Bids AUD 52M to Acquire Low-Cost Broker SelfWealth, Outbidding Competitor Bell Financial
WikiFXCrypto Influencer's Body Found Months After Kidnapping
WikiFXCurrency Calculator
