<< Read Full Article

Schwab Shares Rise on Profit Growth

Stock quotes in this article: SCHW , ETFC , AMTD  

Charles Schwab(SCHW Quote) shares gained ground Wednesday morning, after the brokerage firm met Wall Street's expectations with a 1% rise in second-quarter profit.

The firm said strong asset growth pushed earnings up to $295 million, or 26 cents per share, from $292 million, or 23 cents per share, a year earlier. Revenue climbed 9% to $1.31 billion, from $1.21 billion. Analysts had been expecting the same earnings per share on slightly lower revenue of $1.3 billion, according to a poll by Thomson Reuters.

Charles Schwab shares were up 8% to $20.76 in recent trading. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,468.63 1,108.17 2,172.45 32.44
Oil *
79.72
UP
123.79
UP
12.54
UP
27.85
UP
0.43
10 Yr
3.24%
SPDR Gold
117.29
+1.20%
+1.14%
+1.30%
+1.34%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services