Schwab Sees Q2 Revenue Decline 10%-11% YoY
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab Corporation (SCHW) expects a 10%-11% YoY decline in Q2 revenue due to lower interest rates and reduced trading activity.
June 14, 2023 | 12:58 pm
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SCHW expects Q2 revenue to decline 10%-11% YoY due to lower interest rates and reduced trading activity.
The expected decline in Q2 revenue for Charles Schwab Corporation is a direct result of lower interest rates and reduced trading activity. This negative outlook is likely to have a short-term negative impact on SCHW's stock price as it indicates a weaker financial performance.
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IMPORTANCE 80
RELEVANCE 100