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Schwab (SCHW) Stock Lower Despite In-Line Q2 Earnings

NEW YORK (TheStreet) -- Shares of Charles Schwab (SCHW) are down 0.74% to $26.83 early Monday afternoon even though the savings and loan company reported in-line earnings per share and slightly higher-than-expected revenue for the 2016 second quarter.

Before today's market open, the San Francisco-based firm posted earnings of 30 cents per share, which matched analysts' projections.

Revenue rose 17% to $1.83 billion from last year and was slightly above Wall Street's estimates of $1.8 billion.

Its growing number of clients helped increase earnings per share and revenue during the period.

Additionally, the...


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