Schwab stock hit in bank mess, investors should be cautious, Barron’s says

As Silicon Valley Bank imploded and shares of regional banks tumbled earlier this month, investors ramped up their scrutiny of Charles Schwab — and sent shares spiraling downward, Andrew Welsch writes in this week’s edition of Barron’s. Wall Street analysts suggest that investors, spooked by liquidity concerns everywhere, have overreacted. But there are clear reasons to be cautious toward the stock. Rising interest rates and outflows of clients’ cash could take a sizable bite out of Schwab’s earnings, the author says. Reference Link