Schwab Stock Drops After Disappointing Results
Charles Schwab Corp. shares fell Monday after the financial-services firm reported a drop in quarterly revenue and missed Wall Street expectations.
The Texas-based brokerage’s shares ended the day down 9.4% at $74.94, the stock’s largest percentage decrease since March 2020, making it the S&P 500’s worst performer on Monday. Schwab shares have fallen 11% in 2022.
