Finance
Schwab Rises After Earnings Top Estimates on Record Inflows
This article is for subscribers only.
Charles Schwab Corp. reported results that exceeded Wall Street estimates as it continues to attract record inflows to its retail brokerage.
Fourth-quarter revenue grew by 20% from a year earlier to $5.33 billion, topping estimates of $5.19 billion. The company posted adjusted earnings per share of $1.01, also exceeding forecasts.