Charles Schwab's Stock Takes a Hit Amidst Cash Sorting Issues and Paper Losses.

Charles Schwab's cash sorting issues may persist longer than previous cycles, leading to potential lower sweep account deposits and higher short-term financing costs, according to a Citi analyst who lowered his earnings per share estimates. The company's shares have fallen 35% this year due to rising interest rates and scrutiny of its balance sheet, which has large unrealized losses on mortgage-backed securities.