Charles Schwab's Earnings Beat Boosts Stock, Deposits Drop as Share Repurchases Paused.
TL;DR Summary
Charles Schwab reported a 20% increase in adjusted earnings and a 10% increase in revenue, causing its stock to rise after a six-week sell-off. M&T Bank also rallied after beating earnings estimates, while State Street missed earnings estimates and saw its stock drop. Investors are cautiously watching bank earnings following recent industry turmoil, with concerns about contagion from the Silicon Valley Bank and Signature Bank panics spreading to Charles Schwab.
- Charles Schwab Stock Rises After Earnings Beat; Banks Roll Out Results After March Panic Investor's Business Daily
- Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & more CNBC
- Schwab (SCHW) Deposits Drop as Brokerage Pauses Share Repurchases Bloomberg
- Charles Schwab Stock Moves Higher as Profit Rises, Deposits Continue to Fall The Wall Street Journal
- 5 stocks to watch on Monday: M&T Bank, Xpeng and more (NYSE:MTB) Seeking Alpha
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