Schwab Posts Record Earnings With Retail Trading Powering On
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Charles Schwab Corp. reported record earnings per share in the third quarter as clients opened new brokerage accounts and traded more amid volatile markets.
Adjusted earnings of 84 cents a share topped the 80-cent average estimate of analysts in a Bloomberg survey. Customers opened 1.2 million retail brokerage accounts, almost double the number added in the same period a year earlier, the Westlake, Texas-based company said Friday in a statement.