Charles Schwab Outperforms Expectations in Q1 Earnings Report

Charles Schwab Corporation reported strong first quarter 2024 net revenues of $4.7 billion, marking a 6% increase from the previous quarter. Despite a decline in net income, the company's performance exceeded expectations, driven by growth in its asset management business and improving macroeconomic conditions. The stock saw a modest gain in premarket trading, indicating positive investor sentiment and potential for further growth.

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