Schwab's (SCHW) inorganic growth efforts and initiatives to augment trading revenues remain impressive. Yet, elevated expenses might hamper bottom-line growth.
WESTLAKE, Texas, October 03, 2022--Schwab Advisor Services has expanded its institutional no transaction fee (INTF) mutual fund offering.
September was an ugly month for the stock market. The Dow Jones Industrial Average fell nearly 8% in the month and dropped below 30,000 points for the first time since December 2020. This level officially plunged the Dow into bear market territory (down 20% from its all-time high), joining the S&P 500 and Nasdaq Composite.