Alexander Hamilton's 241-year-old bank just got tapped for Trump accounts [Yahoo! Finance Canada]
Charles Schwab Corporation (The) (SCHW)
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Source: Yahoo! Finance Canada
years back to Alexander Hamilton, for the coveted spot as financial agent for the US Treasury Department's new Trump accounts program coming this summer. Along with managing these new investing accounts, the bank is responsible for helping develop an associated app, according to the Treasury Department's release. BNY has partnered with Robinhood ( HOOD ), which will serve as brokerage and initial trustee for the Trump accounts. “Together, these partners will support the Treasury's goal of ensuring every eligible child can access a Trump Account quickly and easily,” the release stated. BNY shares rose in Monday trading. The stock is up 6% for the year so far, notably outperforming among lenders and other financial stocks in that period. “We are honored," BNY CEO Robin Vince said in an emailed statement. “BNY has been part of the fabric of the U.S. financial system since our country's founding and, through this landmark initiative, will help more Americans invest in our econom
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SCHW
Earnings
- 1/21/26 - Beat
SCHW
Sec Filings
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- SCHW's page on the SEC website