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SCHW - Where Will Charles Schwab Be When the Day-Trading Boom Is Over?
Charles Schwab Corporation
Retail investors have flooded the market with record gusto during the pandemic. According to The Wall Street Journal, the three largest online brokers have recorded record numbers of new funded accounts.
While the general public, starved of live sports, has turned to gambling on the stock market instead, discount brokerages are having their day in the sun. But the forgotten man in all this frenzy might be the original discount brokerage house: Charles Schwab(NYSE: SCHW).