Charles Schwab moves to reassure investors it has plenty of liquidity and business is performing ‘exceptionally well’

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Charles Schwab moves to reassure investors it has plenty of liquidity and business is performing ‘exceptionally well’
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Charles Schwab Corp. moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over...

Charles Schwab Corp.

moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over unrealized losses. Chief Financial Officer Peter Crawford said the business is performing “exceptionally well” and that it expects first-quarter revenue to grow 10% from a year ago. The company has an estimated $100 billion of cash flow and upwards of $8 billion in potential retail CD issuances a month.

moved Monday to reassure investors that it has plenty of liquidity and does not need to sell any of its held-to-maturity securities over unrealized losses. Chief Financial Officer Peter Crawford said the business is performing “exceptionally well” and that it expects first-quarter revenue to grow 10% from a year ago. The company has an estimated $100 billion of cash flow and upwards of $8 billion in potential retail CD issuances a month.

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