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Morgan Stanley names Schwab a top pick, says rising rates will boost stock

Published Wed, Apr 13 20226:33 AM EDT

Samantha Subin @samantha_subin

Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois.

Christopher Dilts | Bloomberg | Getty Images

Shares of Charles Schwab are due for big gains as rates rise, according to Morgan Stanley.

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