Charles Schwab to Bring Claude to Investment Advisors

MT newswire2026/09/14 17:51

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01:51 PM EDT, 09/14/2026 (MT Newswires) -- Charles Schwab's (SCHW) Schwab Advisor Services said Monday it is working with Anthropic to bring Claude for Financial Advisors to over 16,000 independent registered investment advisors. The new offer brings together connectors and skills to help advisors with research, prep and analysis and is compatible with the tools they already use, the company said. Price: 106.97, Change: -0.28, Percent Change: -0.26

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Bank of America CEO Brian Moynihan stated that the bank's trading revenue this quarter will be "relatively flat" compared to the third quarter last year, in contrast to the surge in revenue experienced on Wall Street during the first half of this year. He also expects investment banking fees to be between $1.6 billion and $1.8 billion, falling short of the market's expectation of nearly $2 billion.

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