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Charles Schwab’s organic growth accelerated significantly in Dec, says Jefferies

Charles Schwab (SCHW) reported Q4 adjusted EPS well above estimates, with revenue modestly above expectations and expenses slightly slower, Jefferies tells investors in a research note. December’s net new assets of $60.2B represented annualized organic growth of 7.3%, up significantly from 3.1% in November and 6.6% in December 2023, the firm says.

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