Charles Schwab Reports Record Third-Quarter Revenue of $7.2 Billion
Third-quarter net revenue rose 17% year over year to a record $7.2 billion. Higher asset management fees and net interest income offset lower per-trade revenue.
Charles Schwab's third-quarter net revenues reached a record $7.2 billion, up 17% year-over-year, as growth in asset management fees and net interest income offset lower per-trade revenue. Asset management and administration fees rose 14% to $1.9 billion, reflecting increased client use of wealth a…