Morgan Stanley Reaffirms Bullish Outlook on Charles Schwab Following Strong Earnings
Charles Schwab reported strong second-quarter results with adjusted earnings of $1.62 per share and record revenue of $7.07 billion, surpassing Wall Street estimates. Despite the positive performance, shares fell slightly due to positioning issues rather than fundamental concerns. Morgan Stanley highlighted that Schwab's improved guidance was driven by increased client engagement and trading activity, not changes in net interest margin assumptions.