2 Brokerage Stocks to Buy Before Their October Earnings Reports
Key PointsInteractive Brokers finished September with 5.58 million client accounts, up 35% from a year before.
Motley Fool highlights two brokerage stocks, Interactive Brokers (NASDAQ:IBKR) and Charles Schwab (NYSE:SCHW), that are currently trading near their 52-week lows. Despite this, both companies have shown strong financial performance in recent months. Interactive Brokers reported a 35% increase in client accounts compared to the same period last year, while Charles Schwab attracted a record $64.8 billion in new client money in August, marking a 46% increase from the previous year.
Both companies are expected to release their third-quarter earnings in mid-October, with Interactive Brokers reporting on October 15 after market hours and Charles Schwab hosting a business update webcast at the same time.
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