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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Charles Schwab Corporation | NYSE:SCHW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.09 | -0.12% | 74.80 | 75.30 | 74.52 | 74.96 | 5,560,678 | 00:59:07 |
From Apr 2019 to Apr 2024
By Patrick Thomas
Charles Schwab Corp. (SCHW) said its profit rose for its third quarter as revenue grew 5% from a year earlier.
The electronic broker reported a profit of $951 million, or 70 cents a share, compared with $923 million, or 65 cents a share, a year ago. Analysts polled by FactSet were expecting earnings of 64 cents a share.
Revenue increased to $2.71 billion from $2.58 billion a year earlier. Analysts had expected $2.64 billion of revenue in the quarter. The company said it had 363,000 new brokerage accounts in the quarter, raising its active brokerage accounts to 12.1 million, up 6% year-over-year.
Clients' daily average trades rose 5% from the comparable quarter a year prior. Average revenue per revenue trade was $6.94, down from $7.27 the year prior, the company said.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
October 15, 2019 09:16 ET (13:16 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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