The Stock Market is Back, Baby! (SCHW)
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Charles Schwab (Nasdaq: SCHW) reported its first-quarter earnings today, and posted a beat on the top and bottom. EPS was $0.20 and revs were $1.21 billion, compared with consensus EPS of $0.19 and revs of $1.18 billion.
But that's not necessarily where the story is. Where's the story? Patriarch Chuck Schwab himself reported that clients "have now reduced the percentage of their assets at Schwab held in cash to pre-crisis levels." So, no one is afraid of a crash again? No one wants to "keep money out of the markets and put it under the shed?"
It appears even retail investors now realize the stock market is back and bigger than ever!
Schwab shares are up 1.2 percent.
But that's not necessarily where the story is. Where's the story? Patriarch Chuck Schwab himself reported that clients "have now reduced the percentage of their assets at Schwab held in cash to pre-crisis levels." So, no one is afraid of a crash again? No one wants to "keep money out of the markets and put it under the shed?"
It appears even retail investors now realize the stock market is back and bigger than ever!
Schwab shares are up 1.2 percent.
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