Why Charles Schwab (SCHW) Stock Is Falling Today

Shares of financial services giant Charles Schwab (NYSE:SCHW) fell 3.1% in the afternoon session after the company reported third-quarter revenue that was roughly in line with analyst projections and guided toward the lower end of its full-year interest-margin target. According to the company’s release, net revenue was $7.17 billion, up 17% from a year earlier, roughly in line with consensus. Adjusted earnings were $1.69 a share, above the $1.66 consensus, and core net new assets were a record $