Schwab Stock Drops After Disappointing Results

Charles Schwab Corp. shares fell Monday after the financial-services agency reported a drop in quarterly income and missed Wall Street expectations.

The Texas-based brokerage’s shares have been not too long ago down 9.2% to $75.12, on tempo for its worst one-day decline since March 2020. The inventory is on monitor to be the worst performer within the S&P 500 on Monday.

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