Raymond James: Ignore Schwab Earnings, Bank Is Solid
Raymond James Financial(RJF) Seeking Alpha·2024-07-29 21:15
jetcityimage/iStock Editorial via Getty Images Investment Thesis Over the last two weeks, The Charles Schwab Corporation's (SCHW) shares suffered a drop following their release of a disappointing quarterly report. The financial services company revealed lower-than-expected figures for bank deposits, net interest revenue, and new brokerage accounts, causing their stock to decline by 9% that day. This decline was exacerbated by CEO Walt Bettinger's announcement during the earnings call that Schwab plans ...