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Charles Schwab Up 4%; Cuts Fees On Multiple Funds

Shares of American bank Charles Schwab Corp. (SCHW) are rising 4 percent on Tuesday's trading.

The asset management arm of the company, Schwab Asset Management, said on Tuesday that it was cutting the operating expense ratios of 10 passively managed ETFs and actively managed mutual funds. These changes are in addition to the fee reductions that took place in December 2021 for five of the seven fixed income ETFs.

Currently at $62.85, the stock has traded between $59.35 and $96.24 during the past 52 weeks.

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