Charles Schwab Corporation Says Average Interest-Earning Assets Were $449.5B In August, Down 23% From August 2022 And Down 4% Compared To July 2023.
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab Corporation reported that its average interest-earning assets were $449.5B in August, marking a 23% decrease from August 2022 and a 4% decrease compared to July 2023.
September 15, 2023 | 12:56 pm
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Charles Schwab Corporation's average interest-earning assets decreased by 23% YoY and 4% MoM in August.
The decrease in Charles Schwab's average interest-earning assets indicates a potential decrease in revenue and profitability, which could negatively impact the company's stock price in the short term.
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