All articles tagged with #brokerage accounts
Charles Schwab's stock dropped nearly 9% after CEO Walt Bettinger announced plans to downsize the firm to maintain profitability, relying on off-balance sheet deals with partners. The company reported 985,000 new brokerage accounts in Q2, below expectations, and posted adjusted EPS of 73 cents on $4.69 billion in revenue, in line with analysts' estimates.
Charles Schwab's stock dropped nearly 9% after CEO Walt Bettinger announced plans to downsize the bank to maintain profitability, relying on off-balance sheet deals with partners. The company reported 985,000 new brokerage accounts in Q2, below expectations, and posted adjusted EPS of 73 cents on $4.69 billion in revenue, in line with forecasts.
Charles Schwab Corp. shares fell after the company reported fewer new brokerage accounts than analysts expected, despite beating earnings estimates with a net income of $1.33 billion for the quarter. The company plans to introduce an alternative investments platform this year.