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Charles Schwab tops first-quarter profit estimates as higher rates boost company’s interest income

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Charles Schwab said it would pause its share buyback program in light of recent uncertainty in the U.S. banking sector and the resulting concerns around new regulations

On an adjusted basis, profit rose to 93 cents per share for the three months ended March 31. Analysts on average expected 90 cents per share, according to Refinitiv IBES data.Total net revenue rose 10 per cent to $5.

12-billion from $4.67-billion a year earlier.
 

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