Shares of Charles Schwab (SCHW) tanked 4.6% yesterday following a disappointing management view for the second quarter. At its first Institutional Investor Day, chief financial officer Peter Crawford stated that adjusted earnings for the ongoing quarter are not expected to grow on a sequential basis, and net interest margin expansion is likely to be modest. For the first quarter of 2024, Schwab posted adjusted earnings of 74 cents per share. This was well below the company’s guidance of 80-90 cents per shar ...