On Monday, Charles Schwab (NYSE: SCHW) shares plunged again, falling more than 20% as markets reacted to the aftermath of the SVB crash. However, analysts at Citi upgraded SCHW from Neutral to Buy in a note. The analysts lowered their price target for the stock to $75 from $83 but said the stock's setback offered an "attractive entry point."
Just over a year since raising $900 million in a Sequoia-led round, Berlin's Trade Republic secured another €250 million in a Series C extension at a valuation of €5 billion. The round was led by Ontario Teachers', one of the world's largest pension funds and institutional investors, along with the participation of existing investors. The German FinTech was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri.