Profits tumbled at Charles Schwab (SCHW -0.9%) in Q1, but some analysts say the brokerage is...

|About: The Charles Schwab Corporation (SCHW)|By:, SA News Editor
Profits tumbled at Charles Schwab (SCHW -0.9%) in Q1, but some analysts say the brokerage is positioned for better results when the ultra-low interest rate environment finally ends. SCHW calculates each percentage-point increase in short-term rates adds ~19% to net interest income. New account openings jumped 44% Y/Y, also indicating SCHW's potential for strong growth when rates rebound.