By Connor Hart
Charles Schwab notched a higher profit in the third quarter as revenue jumped to what the company called record levels, thanks to boosted trading volumes and capital inflows.
The brokerage on Thursday posted a profit available to common stockholders of $2.28 billion, or $1.26 a share, compared with $1.3 billion, or 71 cents a share, in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1.31 a share. Analysts polled by FactSet had been expecting $1.25 a share.
Revenue soared 27% to $6.14 billion, topping the $6.01 billion that Wall Street had modeled.
The company logged 25% higher trading revenue on robust volumes, while net interest revenue surged 37%.
Asset management and administration fees were up 13% year over year, lifted by organic growth, equity market appreciation and continued investor adoption of the company's wealth- and asset-management solutions, the company said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 16, 2025 07:48 ET (11:48 GMT)
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