Markets

Jerome Dodson Comments on Charles Schwab

Charles Schwab ( NYSE:SCHW ), the San Francisco-based bank and brokerage firm, jumped -4.7% from $-5.'- to $'-.57, adding 78 basis points to the Fund's return. During the quarter, investors started anticipating an increase in interest rates. This matters for Schwab, because higher rates improve the company's ability to profit from its bank assets and money market funds.

From Jerome Dodson ( Trades , Portfolio )'s Parnassus Fund third-quarter -…-6 commentary.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SCHW

Other Topics

Stocks

Latest Markets Videos