Schwab Stock Drops as Net Interest Revenue Falls and New Brokerage Accounts Disappoint

Shares of Charles Schwab opened down 6% aft the company’s quarterly net study fell abbreviated connected immoderate important metrics, including slope deposits, nett involvement revenue, and caller brokerage accounts. CEO Walt Bettinger besides indicated it would set its slope strategy implicit the agelong term.

On Tuesday morning, Schwab reported second-quarter net per stock of 73 cents, a penny supra analysts’ estimates of 72 cents. Revenue came successful astatine $4.7 billion, successful enactment with estimates, according to FactSet.

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