Charles Schwab cut to Underperform from Buy at BofA as tailwinds seen easing

Jan. 19, 2023 8:04 AM ETThe Charles Schwab Corporation (SCHW)AMP, IBKR, KKR, ARES, FOCS, OWLBy: Liz Kiesche, SA News Editor

Charles Schwab branch, Sunnyvale, California

Sundry Photography

Charles Schwab (NYSE:SCHW) stock dropped 3.0% in Thursday premarket trading after BofA Securities analyst Craig Siegenthaler downgraded the brokerage stock to Underperform from Buy as he sees client cash sorting continuing at an elevated rate

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