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Stock impact report

Tax cut windfall seen lifting US companies' business investments [MSN Money]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: MSN Money
© REUTERS/Lucas Jackson - RC1161F49D30 Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in almost seven years, strategists and analysts said. Higher spending on technology, equipment and facilities could ease worries that S&P 500 (.SPX) companies have reached a peak in the profit growth investors are counting on to extend the nine-year bull market in equities. Load Error The increased spending in the first quarter follows significant cuts in corporate taxes approved late last year by the Republican-led Congress. Companies have also been returning the tax cut windfall to shareholders via share buybacks and increased dividends at amounts never seen before, highlighted by Apple's (AAPL.O) $23.5 billion repurcha Show less Read more
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