Charles Schwab up +2% after Blackrock talks of all cash buy

Published on: 28 Jun, 2017

Charles Schwab Corp (NYSE: SCHW) moved significantly on trading day Tuesday with volume peaking at 233.75K. The stocks 1.34B shares pushed the stock price to $43.29, just 37 cents from topping their 52Wk high of $43.65.

Recent news of Rival Money Manager, BlackRock Inc (NYSE: BLK) talks of buying a software that would assist businesses invest their money, may have affected other money management companies to start catching up a they battle to be the top asset manager firm of the world.

Charles Schwab recently announced that they will give back to public schools by way of committing to a $1 million dollar grant through the SIFMA foundation. The premise of the grant is to advance the access to financially capable educational programs in schools.  Walt Bettinger, the president and CEO of The Charles Schwab Corp states: “We are honored to support the Capitol Hill Challenge… This commitment extends our support of financial education for everyone, from teens to adults, and can help advance middle and high school students’ understanding of personal finance, the capital markets, and math and economics -  all of which are so important to success in our rapidly changing world. We strongly believe in the power of financial education to transform lives and enable people to achieve more for themselves and their loved ones.”

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Jessica Gwathney

Email: Jessica@financialinsiders.com

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