Charles Schwab's stock fell as much as 23% on Monday — its biggest daily decline on record despite assurances from the financial services company that it has plenty of funds. The stock regained some of those losses through the session.

“We have access to significant liquidity, including an estimated $100 billion of cash flow from cash on hand, portfolio-related cash flows, and net new assets we anticipate realizing over the next twelve months,” said chief financial officer Peter Crawford in a statement highlighting the firm's monthly activity.

“Schwab is well-positioned to navigate the current environment as we continue to serve clients and build the future of modern wealth management,” said the press release.

Schwab's assurances come after the