A pedestrian passes in front of a Charles Schwab Corp. office building in New York.

Gabriella Angotti-Jones | Bloomberg | Getty Images

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Retail investing behemoth Charles Schwab is garnering a big fan club on Wall Street amid the recent spike in interest rates.

The e-broker’s stock is up north of 16% since the U.S. 10-year Treasury yield topped 1% for the first time since March last week. Schwab is getting a boost from the chorus of analysts betting the stock will perform well in a higher rate environment.

Originally published at CNBC

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