Morgan Stanley: Robinhood Summit Delivered the Two Products We Were Watching
Morgan Stanley’s Michael Cyprys says Robinhood’s Active Trader Summit went further than expected, led by in-app AI agents and U.S. perps.
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Schwab and Big Banks Slide as Vanguard’s Altruist Deal Raises AI Threat in Wealth Management
Vanguard’s reported $4B–$4.6B Altruist deal revived fears that AI will disrupt brokerage custody and idle client cash that funds broker profits.
Strongest Quarter Yet: Schwab Smashes Records and Goes All-In on Crypto as Shares Dip
Schwab had strong Q1 2026 results, with higher revenue, profits, and client growth. It will soon offer Bitcoin and Ethereum trading. Shares fell due to net interest revenue coming in slightly below Wall Street expectations.
AI Tax Tool Triggers Wealth Management Stock Selloff
Wealth management stocks plunge 6–11% as Altruist’s AI tax strategy tool sparks fears of automation disrupting traditional financial advisory services and driving fee compression.
Schwab Acquires Forge Global for $660M to Democratize Private Markets
Charles Schwab is acquiring Forge Global for $660 million to make investing in private companies easier and more accessible. This deal aims to bring private market opportunities to more eligible investors.
Charles Schwab Crushes Q3 Earnings on Retail Investment Boom
Charles Schwab reports record Q3 earnings beating expectations with $134.4B in new assets and 30% trading growth driven by surging retail investor activity.