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Top Investor Sells Entire Stake in Charles Schwab Amid Banking Turmoil

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Source: Markets Insider
Top Investor Sells Entire Stake in Charles Schwab Amid Banking Turmoil
Photo: Markets Insider
TL;DR

GQG Partners, a top investor in Charles Schwab, sold its entire $1.4 billion stake in the bank due to fears of unrealized losses on its bond portfolio and a run on deposits. Schwab's stock has dropped over 30% since the start of March, making it one of the worst-hit banks. Despite the turbulence, Schwab reported the second-highest inflows in March in bank history, bringing in more than $54 billion of core net new client assets.

Topics:businessfinance#banking-sector#charles-schwab#deposit-withdrawals#finance#gqg-partners#unrealized-losses
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  1. Top Charles Schwab investor sold entire stake amid bank turmoil  Markets Insider
  2. Should You Exit Your Position in The Charles Schwab Corporation (SCHW)?  Yahoo Finance
  3. Top Charles Schwab investor sold entire stake amid banking turmoil  Financial Times
  4. Schwab's Balance Sheet Woes May Overshadow Q1 Profit Gain  Investopedia
  5. Charles Schwab top investor offloaded entire stake in wake of banking crisis: report  MarketWatch

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