Stockbroker Charles Schwab reported better than expected third quarter earnings before the open Monday. However, the source of the beat was record quarterly revenues from a 44% jump in interest revenue to $2.9 billion. The same high interest rates that have cruelled the stock market. This is what concerns investors. $SCHW stock went from up 3% on the initial headlines when Schwab management said the results were “strongest quarterly performance in company history,” A deep dive into the report sent … Continue reading “Charles Schwab Client Assets Fell $1.4 Trillion to $6.6 trillion in the Third Quarter”
Interactive Brokers reported better than expected second quarter earnings after the close Tuesday as did its competitor Charles Schwab $SCHW earlier. $IBKR saw huge jumps in revenue from brokerage and interest from higher margin trading.
Stockbroker Charles Schwab $SCHW,the largest U.S. discount brokerage, is to buy TD Ameritrade $AMTD it was announced Thursday. Schwab has gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. However competiton has seen brokerage rates plummet, Interactive Brokers $IBKR and E-Trade are two remaining competitors.
Stockbroker Charles Schwab reported better than expected second quarter earnings before the open Tuesday. $SCHW gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. Competitor Interactive Brokers $IBKR report after the close.
With the incredible bull market in U.S. stock markets to record highs stockbrokers Interactive Brokers $IBKR and Charles Schwab $SCHW are set to report earnings with huge jumps in revenue expected.