Charles Schwab Reports Third-Quarter Revenue of $7.17B, EPS of $1.62
Third-quarter revenue and earnings increased year over year, supported by growth in margin and bank lending, higher average client assets and increased trading activity. Expense growth reflected compensation, professional services, occupancy and equipment, and industry fees.
Charles Schwab’s third-quarter revenue and earnings increased year over year, supported by growth in margin and bank lending, higher average client assets, and increased trading activity. Expense growth was driven by compensation, professional services, occupancy and equipment, and industry fees.Fi…