Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Charles Schwab (NYSE:SCHW) reported third-quarter earnings of 70 cents per share, which beat the analyst consensus estimate of 65 cents by 7.69%. This is a 7.69% increase over earnings of 65 cents per share from the same period last year.
The company reported quarterly sales of $2.711 billion, which beat the analyst consensus estimate of $2.65 billion by 2.30%. This is a 5.12% increase over sales of $2.579 billion the same period last year.
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“The Federal Reserve has moved forward with expected mid-cycle easing, cutting short-term interest rates 25 bps in both July and September, and long-term rates have also shown significant declines,” said Charles Schwab CEO Walt Bettinger.
“Against this backdrop, clients brought us $56.6 billion in core net new assets, a third-quarter record, which brings our year-to-date total to $145.5 billion, representing a 6% annualized organic growth rate. In addition, we attracted 363,000 new brokerage accounts in the quarter, helping raise active brokerage accounts to 12.1 million, up 6% year-over-year.”
Charles Schwab shares traded up 3.9% to $39.20 Tuesday morning.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.