Schwab Could Benefit from Higher Rates
December 06 2021 - 08:48AM
TipRanks
Charles Schwab (SCHW) is an American multinational financial
services company with offerings in banking, brokerage, wealth
management, and advisory services. I am bullish on the stock.
(See Analysts' Top Stocks on TipRanks) Increasing Credit
Exposure A potential catalyst for upside growth in Schwab's stock
price could be its recent decision to expand its fixed-income
trading division. The company has committed to launching five new
separately managed strategies and three high-yield strategies. The
decision will benefit the firm and its stock alike amid the looming
contractionary economic policy in the United States, as higher
interest rates and taxes could bolster the fixed income trading
climate.
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Charles Schwab (NYSE:SCHW)
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