Charles Schwab Reports Mixed First-Quarter Results, Shares Dip
Charles Schwab (SCHW) reported first-quarter results with strong revenue and profit growth, but missed on some key metrics, leading to a decline in its stock price. The company saw a 34% increase in trading volume and added $140 billion in net new assets, but revenue and net interest income fell short of analyst expectations.
Topics: Brokerage Charles Schwab Earnings Net Income Revenue