Reported about 1 month ago
Charles Schwab Corp.'s shares experienced a significant increase after the company reported earnings per share that exceeded analysts' expectations and made strides in reducing expensive debt. The firm achieved an adjusted net income of $1.5 billion for the third quarter, showcasing a recovery from last year's challenges caused by steep interest rate hikes. Schwab's plans to focus on growing its revenue and managing its balance sheet indicate a positive outlook for the company moving forward.
Source: YAHOO