NEW YORK (TheStreet) -- Shares of Charles Schwab (SCHW - Get Report) were rising in pre-market trading on Monday as the brokerage and banking company posted revenue for the 2016 third quarter that topped analysts' estimates.

Before Monday's opening bell, Charles Schwab reported revenue of $1.91 billion, up 20% year-over-year, and higher than Wall Street's projection of $1.89 billion.

Adjusted earnings of 34 cents per diluted share for the quarter met analysts' expectations, according to FactSet.

Charles Schwab served 10 million brokerage accounts, 1.1 million bank accounts and 1.6 million retirement plan participants by quarter's end, up 4%, 6% and 5% year-over-year, respectively.

Total client assets for the San Francisco-based company rose by 13% year-over-year to a record $2.73 trillion in the period.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of A.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full analysis from the report here: SCHW