Schwab Beats Q2 Estimates, Robo-Advisor Takes Off

Charles Schwab (SCHW) topped analysts' second-quarter estimates as new investing products gained momentum, including its robo-advisor service. Earnings grew 8.7% to 25 cents per share, beating by a penny. Revenue increased 5.4% to $1.57 billion, topping estimates for $1.48 billion. Schwab shares were up 1.2% in the stock market today. The San Francisco-based broker said clients opened 280,000 brokerage

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