2 Brokerage Stocks to Buy Before Their October Earnings Reports
Both brokers keep drawing in new money. But just one of the two stocks is cheap.
Overview
Shares of Interactive Brokers (NASDAQ:IBKR) trade near $88 as of this writing, about 11% off their 52-week high of $98.75. And Charles Schwab (NYSE:SCHW) stock is near $97, about 15% under its 52-week high.
But the monthly numbers both brokers release keep coming in strong. Interactive Brokers finished September with 35% more client accounts than a year before. Schwab's clients, meanwhile, brought a record-for-August $64.8 billion of new money to the firm, up 46% from August 2025.
Details
Both companies should give investors a fuller look at the third quarter in mid-October. Interactive Brokers reports on Thursday, Oct. 15, after the market closes. Schwab has a business update webcast set for the same morning, and it released last year's third-quarter results on Oct. 16.
Source
Originally published at www.fool.com.