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The Charles Schwab Corporation

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Schwab’s shares have outperformed the industry in the past six months. The performance was supported by an impressive earnings surprise history, as the company beat the Zacks Consensus Estimate in three of the trailing four quarters. The company’s fourth-quarter 2017 results reflect higher interest income and absence of provisions. It remains well positioned to gain from the rising rate environment. Also, initiatives to strengthen trading income are likely to support its profitability in the long run despite the near-term reduction in the same. While continuous rise in expenses (due to rise in compensation costs) remains a key concern for the company, the benefits from tax act will aid financials.

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