Charles Schwab Client Assets Fell $1.4 Trillion to $6.6 trillion in the Third Quarter

Stockbroker Charles Schwab reported better than expected third quarter earnings before the open Monday. However, the source of the beat was record quarterly revenues from a 44% jump in interest revenue to $2.9 billion. The same high interest rates that have cruelled the stock market. This is what concerns investors. $SCHW stock went from up 3% on the initial headlines when Schwab management said the results were “strongest quarterly performance in company history,” A deep dive into the report sent … Continue reading “Charles Schwab Client Assets Fell $1.4 Trillion to $6.6 trillion in the Third Quarter”

Charles Schwab Earnings Surge With Record Trading Volumes and Revenue

Stockbroker Charles Schwab reported better than expected second quarter earnings before the open Tuesday. $SCHW gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. Competitor Interactive Brokers $IBKR report after the close.

Charles Schwab To Buy TD Ameritrade as Discount Broker War Heats Up

Stockbroker Charles Schwab $SCHW,the largest U.S. discount brokerage, is to buy TD Ameritrade $AMTD it was announced Thursday. Schwab has gained from the incredible volatility in the stock market bull market with NASDAQ at record highs. However competiton has seen brokerage rates plummet, Interactive Brokers $IBKR and E-Trade are two remaining competitors.