Charles Schwab Shares Plummet Amid Disappointing Q2 Earnings and Revenue Drop
TL;DR Summary
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.
- 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
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