Earnings Results: Schwab misses profit and revenue marks but adds new clients as investors turn to savings accounts and fixed income in rough period for stocks

January 18, 2023

Read Time:8 Second

Schwab managed to grow its profit by 25% and add 4 million new clients in the quarter, but its earnings and revenue fell short of Wall Street expectations

About Post Author

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

This is what the Fed’s interest-rate cut means for distressed companies

This week’s aggressive Fed rate cut could provide some breathing space for distressed companies, notes one bankruptcy attorney.

September 20, 2024

Traders brace for volatility as more than $5 trillion in options set to expire in latest ‘triple witching’

It’s that time again: Investors will see option contracts tied to more than $5 trillion in tradeable stocks expire on...

September 19, 2024

High-yield bond ETF rallies after Fed rate cut as ‘free ride’ in cash ends

Investors are mulling strategies beyond cash on expectations that interest rates will continue to fall after the Fed’s big rate...

September 19, 2024

FedEx stock falls as company narrows its full-year forecast

The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.

September 19, 2024

Nike taps company veteran as new CEO, and shares rally

Elliott Hill will replace John Donahoe as chief executive next month, following months of struggles for the athletic-wear giant.

September 19, 2024

Mortgage rates went up right after the Fed cut interest rates. Here’s why.

Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.

September 19, 2024

Earnings Results: Schwab misses profit and revenue marks but adds new clients as investors turn to savings accounts and fixed income in rough period for stocks

About Post Author

Wall Street Today

Other

Business