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SCHW Jun 2025 55.000 call

OPR - OPR Delayed price. Currency in USD
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12.00-0.30 (-2.44%)
At close: 09:46AM EDT
Full screen
Previous close12.30
Expiry date2025-06-20
Day's range12.00 - 12.00
Contract rangeN/A
Open interest734

    Schwab and LPL Short-Changed Clients’ Cash for Years. Now They’re Paying for It.

    Brokers have been paying stingy rates on cash sweep accounts, but investors have wised up, and they’re not happy.


    Global IT Outage Hits Brokerage Firms and Wealth Managers, Including Schwab

    Some investors took to social media to vent frustrations about being able to access their accounts and long wait times to reach customer service representatives.


    Week’s Best: Schwab Spooks the Street

    Schwab’s quarterly earnings report this week spurred a selloff as the company reported that important metrics, including bank deposits and net interest revenue, fell short of expectations. Schwab’s earnings per share beat Wall Street’s forecast by a penny, and revenue was in line with expectations, but investors have been closely watching for signs that Schwab is replenishing the cash sweep accounts that are an important source of revenue, and the results were at best a mixed bag. CEO Walt Bettinger also indicated the company would adjust its bank strategy over the long term.