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Stock Market & Financial Investment News

News Breaks
September 16, 2013
09:01 EDTSCHWCharles Schwab consolidating retirement plan platforms
Charles Schwab announced it has decided to consolidate its two retirement plan recordkeeping technology platforms. For the past six years, the company has supported both the platform operated by the former 401(k) Company, which was acquired in 2007, and the Schwab Retirement Information recordkeeping platform utilized under its primary full-service bundled retirement plan offering. Certain clients serviced on the acquired platform will be transitioned to the SRI platform. Schwab will resign from providing recordkeeping services to certain other clients. The retirement plans sponsored by these clients are either unprofitable, include uniquely resource-intensive servicing provisions, or are otherwise not an appropriate fit for Schwab’s retirement plan servicing strategy. Core net new assets, before significant one-time flows, brought to the company by new and existing clients in August totaled $22.3B. Net new assets of negative $2.4 billion contained core flows of $22.3B and reduction of $24.7B, reflecting changes to Schwab’s retirement plan business as discussed. Total client assets were $2.08T as of month-end August, up 12% from August 2012 and down 2% compared to July.
News For SCHW From The Last 14 Days
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March 27, 2015
10:03 EDTSCHWOn The Fly: Analyst Initiation Summary
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March 26, 2015
16:56 EDTSCHWCharles Schwab initiated with an Outperform at RBC Capital
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10:04 EDTSCHWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alere (ALR) upgraded to Neutral from Sell at Goldman... Canadian National (CNI) upgraded to Outperform from Market Perform at Cowen... Charles Schwab (SCHW) upgraded to Overweight from Underweight at Barclays... Con-way (CNW) upgraded at Stifel... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel... Francesca's (FRAN) upgraded to Neutral from Sell at Goldman... GoPro (GPRO) upgraded to Outperform from Neutral at RW Baird... PartnerRe (PRE) upgraded to Outperform from Market Perform at BMO Capital... Rice Energy (RICE) upgraded to Overweight from Equalweight at Capital One... Saia, Inc. (SAIA) upgraded at Stifel... Sibanye Gold (SBGL) upgraded to Outperformer from Sector Performer at CIBC.
05:45 EDTSCHWCharles Schwab upgraded to Overweight from Underweight at Barclays
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March 19, 2015
09:03 EDTSCHWAmerican Express, Charles Schwab confirm co-brand relationship
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07:28 EDTSCHWAmerican Express, Charles Schwab reach co-brand agreement, Reuters says
American Express (AXP) stated Thursday it has reached a deal with Charles Schwab (SCHW) to offer cards under both company names, reports Reuters. The deal is a multi-year agreement and will involve two kinds of cards, though precise details will not be announced until near the expected launch date in early 2016. Reference Link
March 17, 2015
10:00 EDTSCHWOn The Fly: Analyst Upgrade Summary
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07:51 EDTSCHWCharles Schwab upgraded at JMP Securities
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06:05 EDTSCHWCharles Schwab upgraded to Outperform from Market Perform at JMP Securities
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