Charles Schwab Says Co's Calculated Stress Capital Buffer Remains 'Well Below 2.5% Minimum'
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab has announced that its calculated stress capital buffer remains 'well below' the 2.5% minimum.
June 30, 2023 | 8:31 pm
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Charles Schwab's stress capital buffer is significantly below the 2.5% minimum, indicating strong financial health.
The stress capital buffer is a measure of a bank's financial health. A lower buffer indicates that the bank is less likely to face financial distress in the event of an economic downturn. This news suggests that Charles Schwab is in a strong financial position, which could positively impact its stock price in the short term.
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