The two most important words to watch when Charles Schwab reports earnings Monday, April 17? Cash sorting. That's a Wall Street term that describes the process of investors moving money out of low-paying bank accounts into higher-yielding options like money-market funds. Cash sorting has been happening at a brisk pace because of rising interest rates, and it likely will crimp Schwab's results. William Blair analyst Jeff Schmitt expects Schwab's cash sorting woes and higher costs to reduce its earnings per share by nearly 90 cents in 2023.

https://www.marketwatch.com/articles/charles-schwab-earnings-stock-price-4b39c5d0?mod=investing

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