Why Charles Schwab Stock Was Among the Big S&P 500 Gainers Wednesday

Key TakeawaysCharles Schwab shares moved sharply higher Wednesday after the firm reported strong customer and asset growth in July.Monthly achievements included $29 billion in core net new assets and 327,000 new brokerage accounts.Schwab also launched its first actively managed fixed-income ETF, which began trading Tuesday. Charles Schwab (SCHW) shares surged on Wednesday after the provider of brokerage, banking, and other financial services reported healthy gains in client assets and new brokerage accounts ...