Markets.News
The Charles Schwab Corporation (NYSE: SCHW) announced strong third-quarter results, surpassing expectations. The company posted adjusted earnings per share of $1.31, marking a 70% increase from the previous year and exceeding the anticipated $1.25. Quarterly sales reached $6.135 billion, reflecting a 27% year-over-year growth, higher than the estimated $6.009 billion. President & CEO Rick Wurster highlighted the record revenue and earnings per share driven by improving organic growth trends, rising adoption of wealth solutions, and favorable macroeconomic conditions. Client transactional sweep cash saw a significant increase of $13.5 billion compared to the previous quarter.