Charles Schwab Corp. executives said the firm can withstand the turmoil roiling US banks, while pausing stock buybacks in response to the industry’s worst crisis since 2008.
Though Schwab is grappling with longer-term stresses, the first-quarter results it postedBloomberg Terminal Monday showed that the company kept the trust of customers, who continued to add to its investment products. Profit climbed 12% from a year earlier, beating Wall Street estimates.
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