Charles Schwab Shares Plummet Amid Disappointing Q2 Earnings and Revenue Drop
TL;DR
Charles Schwab reported slightly better-than-expected Q2 earnings and revenue, with total client assets reaching a record $9.4 trillion. However, the firm's net interest revenue fell 6%, leading to a 7.2% drop in SCHW shares.
Topics:businessfinance#charles-schwab#client-assets#finance#interest-revenue#q2-earnings#stock-market
- Charles Schwab Shocks Wall Street With Interest Revenue Falling 6%; Client Assets Hit $9.4 Trillion Investor's Business Daily
- Schwab Shares Fall as New Brokerage Accounts Miss Estimates Yahoo Finance
- Charles Schwab Earnings Will Shed Light on Asset Growth at the $9 Trillion Wealth Manager Barron's
- SCHW Earnings: Charles Schwab Crumbles on Lackluster Q2 Numbers TipRanks
- Charles Schwab reports marginal Q2 earnings beat, in-line revenue; stock down Investing.com
Want the full story? Read the original reporting
Read on Investor's Business Daily