Date: Friday, February 28th, 2020
Stock(s) mentioned: SCHW
Source: Barron’s (https://www.barrons.com)
Summary: The $6.2 trillion fund manager announced Friday that it was effectively killing the income feature of Vanguard Managed Payout. The fund, with $1.9 billion in assets, will stop making monthly distributions after its last payout in May, making an annual distribution instead.
Full article address: https://on.barrons.com/32DQ2tX
$SCHW $AMTD $MS $ETFC $BEN: The coronavirus may have upended the stock market, but three big pending mergers in financial services—Charles Schwab’s buy of TD Ameritrade, Morgan Stanley’s acquisition of E*Trade Financial, and Franklin Resources’ purchase of Legg Mason—look to be a…