Schwab Anticipates Revenue Growth Following Previous Decline

Reported 23 days ago

Charles Schwab Corp. reports a revenue rebound after a dip earlier this year, fueled by reduced customer movements seeking higher yields. Projected third-quarter revenue could increase by up to 3% from the prior quarter, reaching approximately $4.83 billion. New brokerage accounts also grew by 4% year-over-year, indicating sustained investor engagement despite previous operational tweaks.

Source: YAHOO

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