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The results are the first under new CEO Rick Wurster's watch and could set the tone for the company after Walt Bettinger retired as chief executive at the end of 2024, after 16 years at the helm.
Shares of Charles Schwab ... the stock was up 6.8% on the news. ... He also noted the company brought in $95.3 billion of net new core assets in the quarter.
Charles Schwab is a major player in the investment services sector in the U.S., offering a wide range of financial products and services. It leverages its vast client base and broad capabilities ...
The company also showed good net new asset growth. Good third-quarter trends Schwab reported net new asset growth of $32.8 billion in August, $4.9 billion more than in August of 2023.
At the very least, Schwab is winning new customers, and gathering more money as a result. As of the end of August, it was holding a stunning $9.74 trillion worth of client assets, up 20% year over ...
Charles Schwab's stock fell 11% to close at $51.91 despite assurances from the financial services company that it has plenty of funds.Shares had been down as much as 23% during Monday's trading ...
Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing.
Charles Schwab laid off about 5% to 6% of its workforce this week, according to a company spokesperson, as the financial services firm works to cut costs. The company had 35,900 employees at the ...