Charles Schwab shares fall 5% despite record asset inflows
SCHW Charles Schwab Corp
$96.80 +0.90%
View chart & analysis → - 1Charles Schwab shares fell approximately 5% following its third-quarter earnings announcement.
- 2Client inflows rose 38% in the third quarter, bringing a record $190.4 billion to Schwab.
- 3Management stated that annual revenue growth and net interest margin expansion will approach the lower end of previously announced ranges.
So what's the key point?
A massive amount of money flowed into Charles Schwab, but its stock price fell 5%. This is due to news that the company's profit growth may be lower than expected.
Source Barrons.com +3 · View original ↗
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