The Latest Breaking News from Schwab

Senior digital editor Alexandra Svokos writes about finding value in work.

How much money do you need to be rich? It depends on who's asking.

John Rogers, chief investment officer for money-management stalwart Ariel Investments, says now is a good time to invest.

The ABA called for a probe into short sellers profiting off the bank crisis. Sen. Warren wants answers from First Republic executives.

The major indexes saw modest declines, holding in a range. Tesla sold off as gross margins plunged. ISRG and DHI were earnings winners.

Yesterday, with SCHW trading at 55.55, the May put option with a strike price of 52.50 was trading around $1.20. Traders selling this put would receive $120 in option premium. In return for receiving this premium, they have an obligation to buy 100 shares of SCHW for $52.50.

Charles Schwab stock rose Monday after it beat Q1 earnings estimates. M&T Bank, State Street report results following March bank panic.

Stock futures edge higher with earnings, treasury yields in focus; Week Ahead: busy earnings week, housing data on deck; Prometheus Biosciences soars after $10.8 billion Merck takeover; Netflix 'Love is Blind' live event scrapped after user outage and Charles Schwab earnings up next as broker weathers bank sector storm.

Charles Schwab stock has tumbled 11% in the last month, making its put options very popular with investors who are shorting near-term out-of-the-money puts in an attractive income play.