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Why Charles Schwab Stock Rose 1.3% in September

Why Charles Schwab Stock Rose 1.3% in September

In a bad month for the stock market, Charles Schwab (NYSE: SCHW) performed relatively well in September, returning 1.3%, according to S&P Global Market Intelligence. Charles Schwab is currently trading at about $74 per share as of Oct. 7, down 11% year to date. Schwab beat all the major benchmarks as the S&P 500 fell 9.3%, the Nasdaq Composite dropped 10.5%, and the Dow Jones Industrial Average plummeted 8.8% in September.