SAN FRANCISCO (dismayed)--Of Charles Schwab (IN SCHWABEN ) founder and President, Charles "Chuck" Schwab, is positioned comfortably after surgery on Christmas Eve.
The President of 73-year-old "underwent heart valve replacement surgery successful on Friday 24 December," Schwab CEO and President Walt Bettinger said in a statement. "He is comfortable rest and recovering well from surgery and is expected to return home in the next few days. Everyone at Schwab wants him well for a speedy recovery. "
Schwab started what is now a market cap of $ 20 billion in 1971. The company began to offer discount brokerage services in 1973. Schwab competes with two other great discount broker online TD Ameritrade (AMTD ) and E * Trade Financial (ETFC ).
The broker online have seen the trading volumes decrease this year as high volatility during the crisis fed daily average revenue trades or Darts, an important factor of revenue for all three companies. Despite the services for registered investment advisers, offers banking and other services of expansion, the broker still rely on Darts for measuring retail investor interest in equity markets.
Schwab shares were commercial dish as open markets.
--Written by Laurie that Kulikowski in New York.
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