Shares of financial services major The Charles Schwab Corporation (SCHW) gained 3.6% on Friday to close at $81 after the company reported better-than-expected results for the third quarter ended September 30, 2021. The strong results can be attributed primarily to the growth witnesses in revenues. Charles Schwab reported quarterly revenues of $4.57 billion, up 87% from the prior year’s figure of $2.45 billion. Further, the revenue figure topped the consensus estimate of $4.52 billion. This growt
Discount broker Charles Schwab posts better-than-expected earnings, which got a boost from a jump in client assets.
(Bloomberg) -- Charles Schwab Corp. reported record earnings per share in the third quarter as clients opened new brokerage accounts and traded more amid volatile markets.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe Biggest Public Graveyard in the U.S. Is Becoming a ParkWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of G