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Charles Schwab Corp. (SCHW): $62.08
Market Cap: $113.49B
It’s been a little over a year since the banking crisis of 2023, where following the fall of Silicon Valley Bank and a few other regional banks we saw banking stocks across the board plunge rapidly. It was around this time that we also began to see almost unprecedented levels of insider activity, fueled by elevated buying in the banking industry.
About a year and a half later, it’s become somewhat rare to see insiders of a bank purchase shares. Granted, this new change can be partially attributed to the quiet period that we’ve been going through in the past few weeks where insiders slow down their purchases during earnings season. However, we no longer see the hundreds of bank insiders purchasing shares every single week as we once did.
One set of transactions that did stick out to us back in 2023 was when we saw seven different insiders of the financial services giant, Charles Schwab (SCHW), purchase shares. We wrote the following about the company in an Insider Weekends article in March 2023: