SCHW Stock, PNC Stock Slide after Charles Schwab, PNC Financial Miss Earnings

Charles Schwab (SCHW) and PNC Financial Services (PNC) lead the Q4 earnings season’s next round of brokers and banks announcing results Wednesday morning. SCHW stock and PNC stock both moved lower.


Over the past few years, banks saw surges in deposits and investments during the coronavirus pandemic’s era of low interest rates and massive federal stimulus support. But investment banking revenue started falling in the second half of fiscal 2021, after the Federal Reserve began hiking…

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