Shares of Charles Schwab fell sharply Tuesday after the corporate’s quarterly earnings report fell quick on some essential metrics, together with financial institution deposits, internet curiosity income, and new brokerage accounts. CEO Walt Bettinger additionally indicated it might modify its financial institution technique over the long run.
On Tuesday morning, Schwab reported second-quarter earnings per share of 73 cents, a penny above analysts’ estimates of 72 cents. Income got here in at $4.7 billion, in step with estimates, in line with FactSet.
Although…
