Charles Schwab Reports Third-Quarter Profit of $2.9 Billion
Charles Schwab reported third-quarter earnings of $2.9 billion, or $1.62 per share, up 23%. The result exceeded analyst estimates of $1.60 per share.
By Hannah Erin LangBrokerage giant Charles Schwab posted a 23% jump in profits today, powered by a rush of new accounts and customer dollars moving on to the platform.The company reported third-quarter earnings of $2.9 billion, or $1.62 a share. That topped analyst's estimates of $1.60 a share.Trad…