The Wall Street Journal
Schwab Stock Rises Despite Profit Drop
Shares of Charles Schwab rose more than 6%, making them the best performers in the S&P 500, after the brokerage giant said bank deposit outflows were slowing. The bank had about $284 billion in deposits at the end of the third quarter, down 7% from the previous quarter. Compared with a year earlier, Schwab lost about $111 billion in deposits, or 28%.