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Charles Schwab's Latest Earnings Could Signal the Worst Is Over

TheMotleyFool

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Charles Schwab's Latest Earnings Could Signal the Worst Is Over: https://g.foolcdn.com/editorial/images/740577/schw_sankey_q22023.png

This hasn't been the best year for the banking industry so far. The domino effect of Silicon Valley Bank's collapse sent a panic through the industry, crushing many smaller regional banks and raising skepticism about the sustainability of many other larger banks and financial companies.

Charles Schwab (NYSE: SCHW) wasn't immune to this sentiment. The company saw its stock price drop more than 36% from January to early March. It's now down around 20% year to date, which actually is an improvement thanks to a single-day 12% jump after it released second-quarter earnings.

Image source: The Motley Fool.

Source Fool.com

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