Charles Schwab Reports Disappointing Q1 Revenue Due to Lower Net Interest Income
Charles Schwab's stock fell 2.6% in premarket trading after the company reported Q1 revenue that missed expectations, primarily due to weaker-than-expected net interest income. While adjusted EPS of $1.43 exceeded the consensus estimate of $1.39, the revenue shortfall raised concerns among investors.
Topics: earnings report net interest revenue revenue performance stock price movement