Charles Schwab Corporation Common Stock (NYSE:SCHW) shares are trading higher by 2.53% to $57.19 Thursday afternoon. Shares of bank stocks are trading higher following the Fed’s stress test results, which showed all 23 banks tested remained above their minimum capital requirements during a hypothetical recession.
So What Happened?
All participating banks successfully met the minimum capital requirements in the test, but in a hypothetical scenario, they incurred projected losses amounting to $541 billion.
These losses comprised over $100 billion from commercial real estate and residential mortgages, as well as $120 billion from credit cards, exceeding the previous year’s figures…Read More
According to data from Benzinga Pro, SCHW has a 52-week high of $86.63 and a 52-week low of $45.00.
