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Charles Schwab Stock Plummets Amid Earnings and Revenue Concerns

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Source: MarketWatch
Charles Schwab Stock Plummets Amid Earnings and Revenue Concerns
Photo: MarketWatch
TL;DR

Charles Schwab's stock plummeted nearly 7%, marking its worst day in 16 months, after missing net interest income estimates and issuing a revenue growth outlook below Wall Street expectations. In contrast, Bank of America and Morgan Stanley saw their stocks rise due to stronger-than-expected earnings.

Topics:businessfinance#bank-earnings#charles-schwab#finance#net-interest-income#revenue-outlook#stock-market
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  1. Charles Schwab's stock sinks toward worst day in 16 months  MarketWatch
  2. Charles Schwab Sinks After Vowing to Shrink Bank Over Time  Yahoo Finance
  3. Charles Schwab Stock Plummets After Earnings. These Are the Three Big Issues.  Barron's
  4. Charles Schwab Shocks Wall Street With Interest Revenue Falling 6%; Client Assets Hit $9.4 Trillion  Investor's Business Daily
  5. SCHW Earnings: Charles Schwab Crumbles on Lackluster Q2 Numbers  TipRanks

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