Schwab misses profit and revenue marks but adds new clients as investors turn to savings accounts and fixed income in rough period for stocks

Schwab misses profit and revenue marks but adds new clients as investors turn to savings accounts and fixed income in rough period for stocks

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Charles Schwab Corp. customers turned to more bond and savings account holdings in a tough year for stocks, the online broker said Wednesday. Schwab’s SCHW, stock fell 4% after it missed Wall Street forecasts for fourth-quarter earnings and revenue, while providing insights into how investors…

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