Schwab (SCHW) Up on Solid Q2 View, Rise in May Net New Assets

This article was originally published on Nasdaq

Shares of Charles Schwab SCHW rose 1.4% in response to an upbeat second-quarter 2022 revenue outlook and an increase in net new assets balance in May.SCHW’s CFO Peter Crawford stated that “to the extent equity market valuations, client trading activity, and margin loan ut