Charles Schwab CEO sees 'pullback in risk taking' in April

Published: 2025-05-01 17:47:21 ET SCHW

Published on 05/01/2025 at 17:47

STORY: :: Charles Schwab's CEO says he has seen a 'pullback in risk-taking' among investors

:: May 1, 2025

::Rick Wurster, Charles Schwab CEO

"Most investors are staying the course," Wurster said.

Still, 61% of clients reported feeling bearish during April, according to a poll conducted that month, compared to only 32% in a similar poll during the first quarter of 2025, data from Schwab showed.

Trading volumes, which hit record levels early in April following U.S. President Donald Trump's tariffs announcement, tapered off as the month progressed, but client engagement levels remained high, Wurster said.