Charles Schwab’s stock rises on uptick in August activity
Brokerage expects third-quarter results to finish in line with its July business update, with revenue up 2% to 3% from previous quarter
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Chares Schwab Corp.’s stock was up 2.2% in premarket trading after the brokerage firm said it expects its third-quarter results to finish in line with its July business update, with revenue up 2% to 3% from the second quarter.
“These anticipated quarterly results reflect healthy investor engagement across Schwab’s modern wealth platform and the continued slowing of rate-related client cash realignment activity,” Schwab said.