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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (197235)	3/14/2023 3:55:34 PM
From: Julius Wong	Respond to of 220000

Charles Schwab jumps as billionaire Ron Baron buys more shares, CEO buys stock (update) Mar. 14, 2023 2:11 PM ET The Charles Schwab Corporation (SCHW) By: Joshua Fineman, SA News Editor 49 Comments hapabapa/iStock Editorial via Getty Images Update 2:12pm: Updates shares, adds Schwab CEO comments. Charles Schwab (NYSE: SCHW) soared 10% as regional bank stocks rebounded after the Silicon Valley Bank collapse and amid a report that billionaire investor Ron Baron purchase SCHW shares on Monday. Baron added a "modest" increase to his ownership in Charles Schwab ( SCHW), according to a CNBC report, which cited comments Baron told the business network. Baron Funds owned 7.8 million shares as of the end of December, according to the report. Baron didn't disclose his new ownership stake. Charles Schwab ( SCHW) CEO Walt Bettinger said the firm is seeing "significant" asset inflows, he told CNBC in an interview on Tuesday. He also said he bought 50,000 shares for his own personal account. “What we’re seeing is asset inflows to the firm in significant numbers,” Bettinger said on the business network. Baron's purchase comes after Charles Schwab ( SCHW) shares plunged 12% on Monday and had dropped ~30% over the past three trading sessions amid the fallout from the Silicon Valley Bank closure and implosion. Charles Schwab ( SCHW) on Monday said it had adequate liquidity and borrowing capacity to navigate the dislocated backdrop. seekingalpha.com