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Barchart
Barchart
Mark R. Hake, CFA

Schwab Q3 Earnings Impress Investors - SCHW Stock Looks Cheap Here

SCHW Schwab

The Charles Schwab Stock Corp (SCHW) released its earnings today for Q3 and showed impressive asset management growth. In addition, adjusted net income was slightly higher than expected. As a result, SCHW stock looks cheap now.

Schwab reported that adjusted diluted earnings per share (EPS) was 77 cents. That was higher than analyst estimates of 74 cents for the quarter. Moreover, the company was successful in raising more assets to manage. 

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