Trending: Charles Schwab Shares Up, Earnings Down But Beat Estimates
July 18 2023 - 2:20PM
Dow Jones News
1342 ET -- Charles Schwab Corp. is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Charles Schwab's stock soared 12%
Tuesday to put it on track for its biggest one-day increase since
March 2020 after the discount brokerage's second-quarter earnings
fell from a year ago but still topped consensus estimates. Chief
Executive Walt Bettinger acknowledged a "somewhat unsettled
backdrop," but said Schwab gathered $52 billion in core net new
assets in the quarter, bringing the year-to-date total to more than
$180 billion. Dow Jones & Co. owns Factiva.
(matt.walker@dowjones.com)
(END) Dow Jones Newswires
July 18, 2023 14:05 ET (18:05 GMT)
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