Reported about 14 hours ago
Charles Schwab reported a remarkable 44% profit increase in the fourth quarter, driven by higher asset management fees, resulting in a over 6% rise in its stock price during premarket trading. This was the first earnings report under new CEO Rick Wurster, following Walt Bettinger's retirement. The company's total client assets surged 19% to $10.10 trillion, with net revenues climbing 20% to $5.33 billion.
Source: YAHOO