Charles Schwab Corp.’s stock rose Wednesday as investors mostly shrugged off its projected 10% to 11% decline in second-quarter revenue due to “temporarily compressed” net interest margin and a smaller interest-earning asset base, along with softer trading activity.
The revenue drop of up to 11% is currently worse than the roughly 6% projected drop in second-quarter revenue, to $4.78 billion from $5.09 billion, according to analyst estimates compiled by FactSet.
CFO…
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