Why Charles Schwab Stock Jumped in July
It posted a very strong quarterly earnings report.
Overview
The first summer month was a hot one in several respects for Charles Schwab (NYSE: SCHW). Early in the month, the veteran brokerage and financial services provider reported that an internal trading indicator was doing extremely well, and toward the end, unveiled its latest quarterly earnings report.
The latter wasn't initially well received, but that sentiment turned bullish in the wake of several analyst price target increases. Ultimately, the stock increased in value over the month, with a gain of more than 14%.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.