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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Charles Schwab is expected to report a significant jump in earnings and revenue for Q1. The company experienced core net new asset growth of $519 billion last year. Investors are monitoring improvements in net interest margins and the company's AI strategy. Schwab is also exploring the launch of prediction markets focused on financial events, emphasizing a strict avoidance of sports or pop culture wagering. Despite achieving a quarterly revenue record, the results fell short of expectations.