Name: Charles Schwab profit surges on trading boom, asset growth
Uploaded: 2025-07-19T07:47:14+00:00
Duration: 47 s
Description: Charles Schwab reported a nearly 60% jump in second-quarter profit, fueled by strong trading activity and higher asset management fees amid market volatility driven by President Trump’s tariff policie

4 months ago

News

Charles Schwab reported a nearly 60% jump in second-quarter profit, fueled by strong trading activity and higher asset management fees amid market volatility driven by President Trump’s tariff policies.

Net income rose to $2.13 billion, or $1.08 per share, up from $1.33 billion a year earlier.

Trading revenue climbed to $952 million, and total client assets hit a record $10.76 trillion, Reuters has reported.

Shares rose 2.5% in premarket trading.

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