Charles Schwab Analysts Increase Their Forecasts After Upbeat Results
The Charles Schwab Corporation SCHW reported upbeat fourth-quarter results on Tuesday. Revenue rose 20% year over year to $5.33 billion, beating the consensus of $5.19 billion. Net interest revenue rose 19% Y/Y to $2.531 billion in the fourth quarter. Clients' daily average trades totaled 6.312 million, up 22% Y/Y.