에 대한 최신 뉴스 Charles Schwab (NYSE:SCHW) 주식

Charles Schwab

Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.

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온라인 가구 소매업체인 웨이페어(NYSE:W)는 월요일 부채 일부를 상환하기 위해 7억 달러 규모의 보증부 채권을 발행한다고 발표했다. 이는 연방준비제도(연준)가 4년 만에 처음으로 금리를 인하한 지 일주일도 채 안 되어 다른 회사들의 채권 시장 진출에 합류한 것이다.

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Charles Schwab Corporation (The) Common Stock

Charles Schwab Corp

CHARLES SCHWAB ORD

The Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D

The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series J

SCHWAB EMERGING MARKETS EQUITY ETF

Schwab 1-5 Year Corporate Bond ETF

Schwab 1000 Index ETF

Schwab 5-10 Year Corporate Bond ETF

Schwab Emerging Markets Equity ETF

Schwab Fundamental Emerging Markets Equity ETF

Schwab Fundamental International Equity ETF

Schwab Fundamental International Small Equity ETF

Schwab Fundamental U.S. Broad Market ETF

Schwab Fundamental U.S. Large Company ETF

Schwab Fundamental U.S. Small Company ETF

Schwab Intermediate-Term U.S. Treasury ETF

Schwab International Dividend Equity ETF

Schwab International Equity ETF

Schwab International Small-Cap Equity ETF

Schwab Long-Term U.S. Treasury ETF

Schwab Short-Term U.S. Treasury ETF

Schwab Strategic Trust Schwab Ariel ESG ETF

Schwab Strategic Trust Schwab Crypto Thematic ETF

Schwab Strategic Trust Schwab High Yield Bond ETF

Schwab Strategic Trust Schwab Municipal Bond ETF

Schwab Strategic Trust Schwab Ultra-Short Income ETF

Schwab U.S. Broad Market ETF

Schwab U.S. Large-Cap ETF

Schwab U.S. Large-Cap Growth ETF

Schwab U.S. Large-Cap Value ETF

Schwab U.S. Mid Cap ETF

Schwab U.S. REIT ETF

Schwab U.S. Small-Cap ETF

Schwab U.S. TIPs ETF

Schwab US Aggregate Bond ETF

Schwab US Dividend Equity ETF

SCHWEITER TECHS AG HORGEN by Schweiter Technologies AG Horgen

Schweiter Technologies AG

SCHWEIZERISCHE NATLBANK by Schweizerische Nationalbank

Schweizerische Nationalbank

18 analysts have shared their evaluations of Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Charles Schwab, presenting an average target of $74.78, a high estimate of $90.00, and a low estimate of $64.00. A 5.41% drop is evident in the current average compared to the previous average price target of $79.06. 
<img src="https://www.benzinga.com/files/images/story/2024/1728068512_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Charles Schwab among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Fannon</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$73.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Christopher Allen</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$72.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$67.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$70.00</td>
<td>-</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$70.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$80.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$64.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$82.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$78.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$68.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$79.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Craig Siegenthaler</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$66.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$71.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$71.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$77.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$90.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Daniel Fannon</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$88.00</td>
<td>$85.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Charles Schwab. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Charles Schwab compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Charles Schwab's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Charles Schwab's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SCHW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Charles Schwab analyst ratings.</a>
<h2>Unveiling the Story Behind Charles Schwab</h2>
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
<h3>Charles Schwab: A Financial Overview</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Charles Schwab showcased positive performance, achieving a revenue growth rate of 0.73% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Charles Schwab's net margin excels beyond industry benchmarks, reaching 25.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Charles Schwab's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.56%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Charles Schwab's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.26%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Charles Schwab's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.64.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On Charles Schwab Through 18 Analysts

Jefferies analyst Daniel Fannon maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Buy and lowers the price target from $79 to $73.

Price Target

Jefferies Maintains Buy on Charles Schwab, Lowers Price Target to $73

As the 2024 elections heat up, a look at the data reveals that publicly traded companies are indirectly supporting cannabis legalization efforts by funneling millions of dollars into Democratic candidates&#8217; campaigns.&nbsp;
This alignment could prove significant for the industry, particularly as Democratic candidate <a href="https://www.benzinga.com/markets/cannabis/24/09/41106120/kamala-harris-we-need-to-legalize-cannabis-vp-says-for-first-time-as-presidential-candidate-in-a">Kamala Harris</a> reiterated that cannabis should be legalized nationwide.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41106120/kamala-harris-we-need-to-legalize-cannabis-vp-says-for-first-time-as-presidential-candidate-in-a">Kamala Harris: &#8216;We Need to Legalize&#8217; Cannabis, VP Says For First Time As Presidential Candidate In &#8216;All The Smoke&#8217; Podcast</a>
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<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Corporate Giants </h3>
Big-name companies like Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) are among those whose employees have poured large sums into Democratic coffers.&nbsp;
According to <a href="https://www.quiverquant.com/">Quiver Quantitative</a>, a data platform that tracks political donations, Google&#8217;s workforce contributed $4.1 million to Democrats, compared to just $629,778 to <a href="https://www.benzinga.com/markets/cannabis/24/09/40879364/young-republicans-break-ranks-to-back-cannabis-legalization-is-the-gop-ready-for-a-shift-in-the-">Republicans</a>. Similarly, Microsoft employees sent $3.45 million to Democrats, dwarfing their $876,320 to Republicans.&nbsp;
Netflix stands out with $4.47 million exclusively to Democrats, revealing a clear preference among tech giants.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="560" height="591" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01183749/election-donations.jpg" alt="" class="wp-image-575612" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01183749/election-donations.jpg 560w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/01183749/election-donations-284x300.jpg 284w" sizes="(max-width: 560px) 100vw, 560px" /><figcaption class="wp-element-caption">Image via<a href="https://www.instagram.com/p/DAjbdT3yITo/"> Quiver Quantitative </a></figcaption></figure>
<h3 class="wp-block-heading">Financial Industry Weighs In</h3>
Financial powerhouses like Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) also show their leanings. Blackstone, traditionally seen as conservative, donated over $1 million to Democrats but still favored Republicans with over $6 million.&nbsp;
Meanwhile, Charles Schwab employees contributed $2.98 million solely to Democratic campaigns.
<h3 class="wp-block-heading">Democratic Funding </h3>
With over $20 million directed toward Democratic<a href="https://www.benzinga.com/markets/cannabis/24/09/40712816/what-trump-learned-about-marijuana-that-desantis-did-not-and-why-the-gop-might-become-weed-frien"> candidates </a>across industries, cannabis legalization could receive a much-needed push.&nbsp;
Notably, contributions from companies like Palantir (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) demonstrate the industry&#8217;s broader support, with Palantir employees donating $2.26 million to Democrats, compared to $1.05 million to Republicans.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40753138/how-google-ai-and-digital-marketing-are-changing-weed-retailing-for-good-how-you-can-and-should-">How Google, AI, And Digital Marketing Are Changing Weed Retailing For Good, How You Can And Should Adapt</a>
Disclaimer: This data, includes donations to all PACs as of September 30, mapped to parties based on their expenditures. It is heavily influenced by company executives, who often make multi-million dollar Super PAC donations. Donations to PACs with mixed expenditures between parties are not included.

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How Google, Microsoft And Netflix Are Fueling Cannabis Legalization With Millions In Donations

Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) has released the Electronic Brokerage segment&#39;s performance metrics for September 2024. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs).
<h2>IBKR&#39;s September Performance Breakdown</h2>
Total client DARTs in September were 2,634,000, which increased 46.5% from September 2023 but fell 2.9% from the last month.
On an annualized basis, the Cleared Average DARTs per customer account was 190 for September 2024. The metric increased 13.1% on a year-over-year basis but declined 4% from August 2024.
IBKR&#39;s total customer accounts rose 28.3% year over year and 1.9% from the last month to 3.1 million. Net new accounts were 58,200, witnessing a decline of 6.9% year over year and 12.7% sequentially.
Interactive Brokers&#39; total options contracts were 100 million in September 2024, up 32.5% year over year but down 10.5% sequentially. Future contracts declined marginally year over year and 15.5% from August to 17 million.
At the end of September 2024, client equity was $541.5 billion, which grew 46.4% year over year and 5.1% from the last month. IBKR recorded client credit balances of $116.7 billion, up 19.1% from September 2023 and 5.1% from the August 2024 level. The company&#39;s customer margin loan balance of $55.8 billion increased 28% from the year-ago month and 1.6% from the last month.
<h2>IBKR&#39;s Zacks Rank &amp; Price Performance</h2>
Year to date, shares of Interactive Brokers have surged 66.8%, outperforming the industry&#39;s growth of 17.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e4/79977.jpg?v=129376498" />
Image Source: Zacks Investment Research
Currently, IBKR has a Zacks Rank #3 (Hold).
Two other brokerage firms, The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) and LPL Financial Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>), will come out with their monthly performances in the coming days.
The Zacks Consensus Estimate for SCHW 2024 earnings per share has moved marginally downward over the past 60 days while the metric has moved marginally upward for LPLA in the past month.
At present, SCHW &amp; LPLA carry a Zacks Rank #3 each.
<a href="https://www.zacks.com/stock/news/2344607/interactive-brokers-reports-y-y-increase-in-september-client-darts?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2344607">To read this article on Zacks.com click here.</a>

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Contracts

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IBKR

Interactive Brokers Reports Y/Y Increase in September Client DARTs

Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) has outperformed the market over the past 20 years by 2.06% on an annualized basis producing an average annual return of 10.48%. Currently, Charles Schwab has a market capitalization of $116.84 billion. 
Buying $100 In SCHW: If an investor had bought $100 of SCHW stock 20 years ago, it would be worth $721.69 today based on a price of $63.87 for SCHW at the time of writing.
<h3>Charles Schwab's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727803945_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $700 Today

Live On CNBC, Stephanie Link Announces Sold Charles Shawb

Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) CEO Walt Bettinger will retire at the end of 2024. Rick Wurster, the current president, will succeed him starting Jan. 1, 2025.
What Happened: Bettinger, who turns 65 next year, cited his upcoming birthday as a reason for stepping down. He will continue to serve as co-chair of Schwab&#8217;s board. In a statement, Bettinger expressed confidence in Wurster&#8217;s leadership, noting their eight-year working relationship, CNBC <a href="https://www.cnbc.com/2024/10/01/charles-schwab-ceo-walt-bettinger-to-retire-at-end-of-2024-rick-wurster-to-replace-him.html">reported</a> on Tuesday.
Wurster, in an interview on CNBC&#8217;s &#8220;Squawk Box,&#8221; assured that there would be no immediate strategic changes. &#8220;We&#8217;re going to continue what we&#8217;ve been doing, which is deliver for our clients and delight them,&#8221; he said.
Under Bettinger&#8217;s leadership since 2008, Schwab&#8217;s client assets surged from $1.14 trillion to $9.74 trillion, partly due to the acquisition of TD Ameritrade in 2020. Bettinger mentioned the completion of Ameritrade&#8217;s integration as another reason for his decision to retire.
Schwab&#8217;s stock has risen approximately 150% during Bettinger&#8217;s tenure, despite underperforming the broader market in the past two years. Shares of Schwab were up less than 1% in premarket trading on Tuesday.
See Also: <a href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s Why China is Urging Its Companies to Forgo Nvidia&#8217;s Chips</a>
Why It Matters: Bettinger&#8217;s retirement comes at a pivotal time for Charles Schwab. In August, Toronto-Dominion Bank <a href="https://www.benzinga.com/markets/equities/24/08/40500034/charles-schwab-shares-drop-over-4-after-hours-as-td-bank-cuts-stake-following-2-6b-anti-money-la">reduced its stake</a> in Schwab, selling 40.5 million shares. This move followed TD Bank&#8217;s announcement of setting aside $2.6 billion to cover potential fines related to deficiencies in its anti-money laundering program.
The sale reduced TD Bank&#8217;s ownership in Schwab from 12.3% to 10.1%, impacting Schwab&#8217;s stock price. TD Bank&#8217;s decision was influenced by ongoing investigations into its anti-money laundering practices, which have been under scrutiny due to allegations involving Chinese drug traffickers laundering money through the bank.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a></li>
</ul>
Image via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Charles Schwab's CEO Bettinger Announces Retirement, Names President Rick Wurster As Successor

Management

Charles Schwab Says Walt Bettinger Has Notified Board Of His Intention To Retire As CEO, Effective December 31, 2024; Rick Wurster Named As CEO To Succeed Bettinger

Citigroup analyst Christopher Allen maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Neutral and lowers the price target from $75 to $72.

Citigroup Maintains Neutral on Charles Schwab, Lowers Price Target to $72

Goldman Sachs analyst Alexander Blostein maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Neutral and lowers the price target from $71 to $67.

Goldman Sachs Maintains Neutral on Charles Schwab, Lowers Price Target to $67

Investors with a lot of money to spend have taken a bearish stance on Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SCHW, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Charles Schwab.
This isn't normal.
The overall sentiment of these big-money traders is split between 23% bullish and 70%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $944,461, and 4 are calls, for a total amount of $750,128.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $75.0 for Charles Schwab, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Charles Schwab options trades today is 4687.22 with a total volume of 19,787.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Charles Schwab's big money trades within a strike price range of $40.0 to $75.0 over the last 30 days.
<h3>Charles Schwab Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727294527_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.08</td>
<td>$1.05</td>
<td>$1.06</td>
<td>$75.00</td>
<td>$530.0K</td>
<td>7.3K</td>
<td>6.5K</td>
</tr>
<tr>
<td>SCHW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.6</td>
<td>$1.49</td>
<td>$1.6</td>
<td>$62.50</td>
<td>$159.5K</td>
<td>13.2K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SCHW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.41</td>
<td>$1.33</td>
<td>$1.41</td>
<td>$62.50</td>
<td>$155.5K</td>
<td>13.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.04</td>
<td>$0.99</td>
<td>$1.02</td>
<td>$75.00</td>
<td>$153.0K</td>
<td>7.3K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SCHW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.55</td>
<td>$1.54</td>
<td>$1.54</td>
<td>$62.50</td>
<td>$102.4K</td>
<td>13.2K</td>
<td>1.9K</td>
</tr>
</tbody>
</table>

<h3>About Charles Schwab</h3>
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
In light of the recent options history for Charles Schwab, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Charles Schwab's Current Market Status</h3>
<ul>
<li>With a volume of 3,206,756, the price of SCHW is down -0.78% at $64.08. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 20 days.</li>
</ul>
<h3>What The Experts Say On Charles Schwab</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $70.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $70. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Charles Schwab options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At Charles Schwab's Recent Unusual Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.00</td>
<td>$86.1K</td>
<td>35.6K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$69.00</td>
<td>$75.7K</td>
<td>19</td>
<td>1.0K</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$156.0K</td>
<td>540</td>
<td>408</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$500.00</td>
<td>$49.5K</td>
<td>355</td>
<td>345</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$170.00</td>
<td>$64.0K</td>
<td>384</td>
<td>326</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$69.1K</td>
<td>1.2K</td>
<td>259</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$37.00</td>
<td>$31.0K</td>
<td>37.2K</td>
<td>200</td>
</tr>
<tr>
<td>EG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$370.00</td>
<td>$35.0K</td>
<td>1</td>
<td>150</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$19.00</td>
<td>$25.2K</td>
<td>607</td>
<td>144</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$240.00</td>
<td>$25.6K</td>
<td>7.6K</td>
<td>105</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bullish, expiring in 115 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $8.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $86.1K, with a price of $86.0 per contract. There were 35685 open contracts at this strike prior to today, and today 2907 contract(s) were bought and sold. 
• Regarding SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on October 18, 2024. Parties traded 1065 contract(s) at a $69.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $75.7K, with a price of $71.0 per contract. There were 19 open contracts at this strike prior to today, and today 1067 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a put option trade with bearish sentiment. It expires in 52 day(s) on November 15, 2024. Parties traded 300 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $156.0K, with a price of $520.0 per contract. There were 540 open contracts at this strike prior to today, and today 408 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option trade that happens to be bearish, expiring in 52 day(s) on November 15, 2024. This event was a transfer of 23 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $2155.0 per contract. There were 355 open contracts at this strike prior to today, and today 345 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option sweep that happens to be bullish, expiring in 178 day(s) on March 21, 2025. This event was a transfer of 80 contract(s) at a $170.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $64.0K, with a price of $800.0 per contract. There were 384 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold. 
• For FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we notice a call option sweep that happens to be bearish, expiring in 115 day(s) on January 17, 2025. This event was a transfer of 144 contract(s) at a $85.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $69.1K, with a price of $480.0 per contract. There were 1219 open contracts at this strike prior to today, and today 259 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 479 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $310.0 per contract. There were 37245 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding EG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), we observe a put option sweep with bearish sentiment. It expires in 52 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $370.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $700.0 per contract. There were 1 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a put option sweep with bearish sentiment. It expires in 87 day(s) on December 20, 2024. Parties traded 144 contract(s) at a $19.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $175.0 per contract. There were 607 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with bullish sentiment. It expires in 479 day(s) on January 16, 2026. Parties traded 5 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $5130.0 per contract. There were 7683 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FUTU

SOFI

10 Financials Stocks Whale Activity In Today's Session

The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Tuesday, October 15th. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management's strategic focus. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Co-Chairman and Chief Executive Officer Walt Bettinger, President Rick Wurster, Chief Financial Officer Mike Verdeschi, and Managing Director Peter Crawford.
The Update will be accessible at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fschwabevents.com%2Fcorporation&amp;esheet=54125309&amp;newsitemid=20240924368716&amp;lan=en-US&amp;anchor=https%3A%2F%2Fschwabevents.com%2Fcorporation&amp;index=1&amp;md5=8195874710f7f59c05c88cd68e9246dd">https://schwabevents.com/corporation</a>.

Schwab Announces Its Fall Business Update On October 15, 2024 Designed To Help The Investment Community Keep Abreast Of Recent Developments And Management's Strategic Focus

Online furniture retailer Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) said on Monday that it is <a href="https://www.benzinga.com/news/24/09/40970727/federal-reserves-bold-rate-cut-retail-sales-rise-and-more-this-week-in-economics">offering $700 million</a> in secured notes to repay some of its debt, joining other companies&#8217; run to the debt markets less than a week after the Federal Reserve cut interest rates for the first time in four years.
The Fed lowered its key interest rate on Wednesday by an unexpected 50 basis points to a range between 4.75% and 5%, setting in motion an expected gradual decrease in rates on bonds, car loans, mortgages and anything else with an interest rate.
Wayfair said the proceeds from the notes, which will mature in 2029, go towards paying back certain convertible senior notes and general corporate purposes.
Read Also: <a href="https://www.benzinga.com/news/24/09/40969943/fed-rate-cut-fuels-market-rally-amidst-valuation-fears">Fed Rate Cut Fuels Market Rally Amidst Valuation Fears</a>
Wayfair is not alone in its dash for debt as 10 high-grade issuers — including TMobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) — are looking to raise money from borrowing in the junk-bond market, a flurry that could result in $20 billion to $25 billion in deals this week, Bloomberg<a href="https://www.bloomberg.com/news/articles/2024-09-23/us-companies-are-ready-to-borrow-billions-following-fed-rate-cut?srnd=homepage-americas&amp;sref=TBDibEcD"> reported</a>.
The average yield in the U.S. investment-grade and high-yield bond markets fell after the Fed rate cut, enticing issuers into the market.
Cigarette-filter maker Cerdia Holdings issued $800 million in debt to refinance notes due 2027 and pay for a shareholder distribution.
Australian coal miner Coronado Global Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CODQL#OTC">CODQL</a>) launched a $400 million offer to redeem its 2026 notes, while U.S.-based telecommunications company Windstream Holdings, Inc. put together a $1.3 billion debt package through the loan and bond markets to refinance loans.
Price Action: Investment banks that underwrite corporate bonds saw gains and losses on Monday.
<ul>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) declined 0.7% to close at $64.93</li>
<li>JPMorgan &amp; Chase Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) rose 0.17% to close at $211.44</li>
<li>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) slipped 0.2% to close at $497.41</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/economics/24/09/40965570/fed-rate-cut-may-drive-investors-away-from-money-markets-says-portfolio-manager">Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager</a></li>
</ul>
Photo: Shutterstock

Companies Run To Bond Markets After Last Week's Fed Rate Cut

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$34.7K</td>
<td>20.6K</td>
<td>6.1K</td>
</tr>
<tr>
<td>ABR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$16.00</td>
<td>$80.0K</td>
<td>3.9K</td>
<td>4.1K</td>
</tr>
<tr>
<td>SCHW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$62.50</td>
<td>$27.7K</td>
<td>8.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$64.00</td>
<td>$69.5K</td>
<td>109</td>
<td>1.4K</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$70.00</td>
<td>$31.4K</td>
<td>2.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>VLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$110.0K</td>
<td>785</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$61.9K</td>
<td>745</td>
<td>867</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$90.00</td>
<td>$72.9K</td>
<td>32</td>
<td>503</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$220.00</td>
<td>$57.6K</td>
<td>535</td>
<td>245</td>
</tr>
<tr>
<td>FI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$145.00</td>
<td>$72.4K</td>
<td>1.3K</td>
<td>228</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option sweep with bearish sentiment. It expires in 120 day(s) on January 17, 2025. Parties traded 61 contract(s) at a $80.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $570.0 per contract. There were 20661 open contracts at this strike prior to today, and today 6183 contract(s) were bought and sold. 
• Regarding ABR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>), we observe a call option trade with bullish sentiment. It expires in 29 day(s) on October 18, 2024. Parties traded 4000 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $20.0 per contract. There were 3995 open contracts at this strike prior to today, and today 4128 contract(s) were bought and sold. 
• For SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on October 18, 2024. This event was a transfer of 165 contract(s) at a $62.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $168.0 per contract. There were 8421 open contracts at this strike prior to today, and today 3131 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 22 day(s) on October 11, 2024. Parties traded 781 contract(s) at a $64.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $69.5K, with a price of $89.0 per contract. There were 109 open contracts at this strike prior to today, and today 1409 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on October 18, 2024. Parties traded 109 contract(s) at a $70.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $288.0 per contract. There were 2785 open contracts at this strike prior to today, and today 1179 contract(s) were bought and sold. 
• For VLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>), we notice a put option trade that happens to be bearish, expiring in 120 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $110.0K, with a price of $110.0 per contract. There were 785 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bearish, expiring in 29 day(s) on October 18, 2024. This event was a transfer of 96 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $61.9K, with a price of $645.0 per contract. There were 745 open contracts at this strike prior to today, and today 867 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bearish sentiment. It expires in 155 day(s) on February 21, 2025. Parties traded 300 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $72.9K, with a price of $243.0 per contract. There were 32 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with neutral sentiment. It expires in 92 day(s) on December 20, 2024. Parties traded 40 contract(s) at a $220.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.6K, with a price of $1450.0 per contract. There were 535 open contracts at this strike prior to today, and today 245 contract(s) were bought and sold. 
• For FI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), we notice a call option sweep that happens to be bearish, expiring in 120 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $145.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $72.4K, with a price of $3620.0 per contract. There were 1372 open contracts at this strike prior to today, and today 228 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

PYPL

Charles Schwab Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) remains well-positioned for growth, driven by higher rates, opportunistic acquisitions and rising client assets. However, a mounting expense base and subdued trading revenues are worrisome.
<h2>Tailwinds for Schwab</h2>
High Interest Rates to Aid Net Interest Margin: Schwab&#39;s net interest margin&nbsp;is likely to improve in the near term, supported by the existing high-interest rate scenario. The company&#39;s NIM expanded to 1.98% in 2023 from 1.78% in 2022 and 1.45% in 2021 on account of high rates. However, due to rising funding costs, NIM did not experience growth in the first half of 2024.
Though high funding costs and low-yielding assets on the company&#39;s balance sheet are anticipated to weigh on the metric to some extent, high rates will likely aid NIM to some degree. We project NIM to be 2.13%, 2.83% and 3.13% in 2024, 2025 and 2026, respectively.
Strategic Acquisitions to Boost Client Assets: Schwab&#39;s proactive efforts to expand its client base in advisory solutions have been bearing fruit. The company&#39;s advice solution revenues reflected a compound annual growth rate (CAGR) of 10.4% in the last five years (2018-2023). The momentum continued in the first six months of 2024.
The acquisitions of USAA&#39;s Investment Management Company, Wasmer, Schroeder &amp; Company, LLC and Motif&#39;s technology and intellectual property have strengthened the company&#39;s presence and diversified revenues.
Though the company reduced fees on certain advice solution products, revenues from these offerings witnessed growth as average client asset balances improved. SCHW&#39;s total client assets experienced a 21.2% CAGR in the five years ended 2023, primarily driven by the buyouts completed during the period. Our estimates for total client assets suggest a CAGR of 6.2% by 2026.
Encouraging Capital Distributions: As of June 30, 2024, SCHW&#39;s cash and cash equivalents were $25.4 billion, while total debt (comprising long-term debt, Federal Home Loan Bank borrowings and other short-term borrowings) was $56.8 billion.
The company&#39;s emphasis on keeping a low-cost capital structure has been supporting its capital distributions. In January 2023, the company announced a 14% hike in its quarterly dividend and has retained the same since then.
Dividend Yield
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dd/78440.jpg?v=980550795" />
Image Source: Zacks Investment Research
The company has hiked its dividend four times in the past five years. While SCHW has an existing share repurchase plan, it has been temporarily halted to enhance liquidity and reduce debt. The company aims for a common dividend payout ratio of 20-30% of GAAP earnings. Schwab&#39;s earnings strength and decent liquidity will keep the capital distributions sustainable.
<h2>Roadblocks for Schwab</h2>
Mounting Expense Base: Rising operating expenses are likely to hamper Schwab&#39;s bottom line. Though expenses dipped in the first half of 2024, the metric witnessed a 17.5% CAGR in the past five years (ended 2023). This rise was due to high compensation, benefit costs and acquisitions.
Expense Growth Trend
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5d/78437.jpg?v=1983191589" />
Image Source: Zacks Investment Research
While management anticipates adjusted operating expenses to rise only 2% this year, the company is expected to continue investing to bolster long-term growth and solidify business efficiency. Further, costs tied to compensation and regulatory spending, as well as strategic buyouts, are anticipated to keep operating expenses elevated in the near term.
Expenses are expected to decline 5.1% in 2024, but rise 2.3% in 2025.
Subdued Trading Revenues: Though the capital markets performance has improved recently, Schwab&#39;s trading revenues are anticipated to remain under pressure for some time.
The company&#39;s trading revenues dipped in 2022, 2023 and the first six months of 2024 because of subdued market volatility and reduced client activity. However, SCHW has been undertaking several initiatives and opportunistic buyouts to build a client base and enhance its trading income.
Nonetheless, the uncertainty surrounding the performance of the capital markets raises concerns regarding potential growth in trading revenues. Additionally, the ongoing geopolitical environment suggests that volatility and client activity are unlikely to see significant improvement in the near term.
SCHW currently carries a Zacks Rank #3 (Hold). Year to date, shares of the company have lost 7.6%, underperforming the industry&#39;s growth of 14.2%.
Year-to-Date Price Performance
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4b/78439.jpg?v=64669123" />
Image Source: Zacks Investment Research
<h2>Schwab&#39;s Peer Stocks Worth Considering</h2>
Some better-ranked Schwab&#39;s peers&#39; stocks worth considering are Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) and Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>).
Estimates for HOOD&#39;s current-year earnings have been revised 38.2% upward in the past 60 days. The company&#39;s shares have risen 33.1% in the past six months. HOOD sports a Zacks Rank #1 (Strong Buy) at present.
Estimates for IBKR&#39;s current-year earnings have remained unchanged in the past month. The company&#39;s shares have risen 21.6% in the past six months. IBKR carries a Zacks Rank #2 (Buy) at present.
<a href="https://www.zacks.com/stock/news/2338539/high-rates-strategic-buyouts-aid-schwab-amid-rising-expenses?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2338539">To read this article on Zacks.com click here.</a>

Dividends

Offerings

HOOD

High Rates & Strategic Buyouts Aid Schwab Amid Rising Expenses

Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in">in over four years.</a>
The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59% probability to a 50-basis-point cut, while a 41% chance is placed on a more modest 25-basis-point reduction. The size of the rate cut is crucial as it could trigger significant market reactions.
Should the Fed opt for a 50-basis-point cut, it may be perceived as an acknowledgment that interest rates are overly restrictive. This could lead to increased expectations for further rate cuts in the coming months, potentially fueling risk sentiment and driving stock prices higher.
Conversely, a 25-basis-point cut might disappoint investors who are betting on a more aggressive measure.
Since the start of 2022, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has experienced an average move of plus or minus 1.3% during FOMC events, reflecting the market&#8217;s high sensitivity to Fed policy decisions.
Goldman Sachs equity analysts, including John Marshall, analyzed stock movements during the first rate cuts in the previous three Fed easing cycles (Sept. 18, 2007, July 31, 2019 and March 3, 2020).
The data highlights the average moves of several key S&amp;P 500 stocks with liquid options during these periods.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rank</th>
<th>Name</th>
<th>Absolute Average Move</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>)</td>
<td>5.9%</td>
</tr>
<tr>
<td>2</td>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>5.5%</td>
</tr>
<tr>
<td>3</td>
<td>Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>4</td>
<td>Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>5</td>
<td>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>4.5%</td>
</tr>
<tr>
<td>6</td>
<td>Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</td>
<td>4.3%</td>
</tr>
<tr>
<td>7</td>
<td>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</td>
<td>4.2%</td>
</tr>
<tr>
<td>8</td>
<td>American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>9</td>
<td>Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>3.7%</td>
</tr>
<tr>
<td>10</td>
<td>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>11</td>
<td>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>12</td>
<td>Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>3.5%</td>
</tr>
<tr>
<td>13</td>
<td>3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>)</td>
<td>3.3%</td>
</tr>
<tr>
<td>14</td>
<td>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>15</td>
<td>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>16</td>
<td>Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>17</td>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>18</td>
<td>Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>19</td>
<td>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>20</td>
<td>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>2.3%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40908202/10-etfs-investors-secretly-bought-before-the-feds-make-or-break-interest-rate-cal">10 ETFs Investors Secretly Bought Before The Fed&#8217;s Make-Or-Break Interest Rate Call</a></li>
</ul>
Federal Reserve illustration created using artificial intelligence via MidJourney.

Equities

Mid Cap

Broad U.S. Equity ETFs

Econ #s

Federal Reserve

ETFs

FTNT

NVDA

ORCL

SBUX

20 S&P 500 Stocks That Move The Most When The Fed Starts Cutting Interest Rates

Charles Schwab's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) short percent of float has fallen 8.57% since its last report. The company recently reported that it has 15.96 million shares sold short, which is 0.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Charles Schwab Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596910_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Charles Schwab has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Charles Schwab's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Charles Schwab's peer group average for short interest as a percentage of float is 3.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Charles Schwab's Recent Short Interest

Americans receiving <a href="https://www.benzinga.com/personal-finance/24/09/40800774/gen-xs-looming-retirement-crisis-is-worse-than-they-realize-expert-compares-it-to-being-handed-a">Social Security payments</a> may see less of an increase next year, according to a nonprofit group that represents senior citizens.
The Social Security Administration is poised to announce its yearly cost of living adjustment (COLA) for payments to 71 million Americans in the middle of next month, effective in January 2025. The government agency handed out a 3.2% increase for this year last October.
The Senior Citizens League expects a 2.5% increase for next year, based on inflation falling from 2.9% in July to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40815794/fed-is-all-clear-for-launch-on-cutting-rates-as-inflation-falls-to-lowest-point-in-">2.5% in August</a>.
By law, the annual inflation adjustment is based on the average inflation during July, August, and September&nbsp;as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Read Also: <a href="https://www.benzinga.com/personal-finance/24/09/40817544/report-warns-of-16-500-annual-social-security-benefit-cut-for-dual-income-couples-by-2033">Report Warns of $16,500 Annual Social Security Benefit Cut for Dual-Income Couples by 2033</a>
The Bureau of Labor Statistics averages the CPI-W for these three months and then compares it with the same time frame from the previous year. The percentage difference between the two is the COLA, payable for checks received in January 2025. 
The league says the expected 2.5% increase will not be enough for seniors to meet the higher cost of living. 
Nearly 80% of senior households report that their monthly budget for essential items like food, housing, and prescription drugs had increased over the last 12 months, according to a 2024 survey taken by the organization. Almost two-thirds &#8212; 63% &#8212; say they&#8217;re worried that their income won&#8217;t be enough to cover these basic costs in the coming months.
&#8220;Ensuring that seniors have enough to feed and house themselves with dignity is a major reason why we advocate for a minimum COLA of 3%,&#8221; said Shannon Benton, the league&#8217;s executive&nbsp;director.&nbsp;
She said about two-thirds of seniors rely on Social Security for more than half of their monthly income, and 28% depend on it entirely.
Retirement Stocks
Dividend-yielding, retirement-oriented stocks, typically selected for their risk-averse nature, experienced mixed performance by midday trading on Monday.
<ul>
<li>Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) gained 0.92% to $72.06.</li>
<li>Anhueser Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) slipped 0.41% to $64.63.</li>
<li>Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) rose 1.07% to $58.78.</li>
<li>Microsoft Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) slipped 0.19% to $429.78.</li>
</ul>
Retirement ETFs
Exchange-traded funds that are well suited for retirement trended upward on Monday.
<ul>
<li>Vanguard High Dividend Yield ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYM#NYSE">VYM</a>) rose 0.41%.</li>
<li>IShares MSCI EAFE ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFA#NYSE">EFA</a>) gained 0.34%.</li>
<li>Vanguard Total World Stock ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VT#NYSE">VT</a>) edged up 0.53%.</li>
<li>IShares Cohen &amp; Steers REIT ETF ((BATS: <a class="ticker" href="https://www.benzinga.com/stock/icf#BATS">ICF</a>) went up 0.20%.</li>
<li>Vanguard Total Bond Market ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BND#NASDAQ">BND</a>) inched up 0.21%.</li>
</ul>
Retirement Plan Stocks
Financial service firms that offer retirement plans were also on the upswing on Monday.
<ul>
<li>The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) picked up 2.5% to $63.67.</li>
<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) gained 1.89% to $53.78.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) gained 1.47% to $201.33.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/09/40695081/we-should-not-just-be-dependent-upon-the-payroll-tax-to-fund-social-security-says-retirement-exp">&#8216;We Should Not Just Be Dependent Upon The Payroll Tax&#8217; To Fund Social Security, Says Retirement Expert Teresa Ghilarducci</a></li>
</ul>
Photo: Shutterstock

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