This article is a summary of a YouTube video "A higher for longer rate environment is here,' Nathan Stovall S&P Global Market Intelligence" by Yahoo Finance

Top Trending Tickers: Charles Schwab and Citizens Financial

TLDRCharles Schwab and Citizens Financial are among the top trending tickers on Yahoo finance due to their mixed quarterly results. Charles Schwab experienced its worst day since March after reporting a nearly 50% decrease in net new assets for the year, falling short of expectations.

Key insights

💼Charles Schwab had its worst day since March after reporting a nearly 50% decrease in net new assets for the year.

📈Both Charles Schwab and Citizens Financial experienced mixed quarterly results as they navigated a tumultuous year for the industry.

💰The pressure on deposits and liquidity continues for regional banks, highlighting the impact of a higher for longer rate environment.

🏦Banks are defending their deposits with higher rates as funding costs remain a challenge across the board.

📉Expectations of more rate cuts from the Federal Reserve have subsided, leading to continued pressure on funding costs.

Q&A

Why did Charles Schwab have its worst day since March?

Charles Schwab reported a nearly 50% decrease in net new assets for the year, falling short of expectations.

What were the quarterly results for Charles Schwab and Citizens Financial?

Both Charles Schwab and Citizens Financial had mixed quarterly results as they faced a tumultuous year for the industry.

Why are funding costs a challenge for banks?

Banks are experiencing pressure on deposits and liquidity, leading to the need to defend their deposits with higher rates.

What impact does the Federal Reserve's rate cuts have on funding costs?

Expectations of more rate cuts from the Federal Reserve have subsided, resulting in continued pressure on funding costs.

How has the higher for longer rate environment affected regional banks?

The higher for longer rate environment has put pressure on regional banks' deposits and liquidity, affecting their overall performance.

Timestamped Summary

00:00Charles Schwab and Citizens Financial are among the top trending tickers on Yahoo finance due to their mixed quarterly results.

00:10Charles Schwab experienced its worst day since March after reporting a nearly 50% decrease in net new assets for the year.

00:35The pressure on deposits and liquidity continues for regional banks, highlighting the impact of a higher for longer rate environment.

01:06Banks are defending their deposits with higher rates as funding costs remain a challenge across the board.

01:35Expectations of more rate cuts from the Federal Reserve have subsided, leading to continued pressure on funding costs.