Charles Schwab Stock Plummets Amid Earnings and Revenue Concerns
TL;DR Summary
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:business#bank-earnings#charles-schwab#finance#net-interest-income#revenue-outlook#stock-market
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