Charles Schwab Corp.’s stock rose on Monday after the financial-services company said its bank sweep deposits increased month over month for the first time in about 19 months.
While Charles Schwab SCHW, +5.03% fell shy of revenue estimates and beat its earnings mark, Wall Street focused on its comments on sweep deposits, in which excess funds are channeled into an higher-earning account.Overall, Schwab said cash-realignment activity slowed further, with bank sweep deposits moving up after having dropped since March 2022.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: