SAN FRANCISCO (AP) — Charles Schwab Corp. said Wednesday that its fourth-quarter net income rose 16 percent, helped by higher asset management and administration fees. But trading revenue declined, and shares of the discount broker and retirement plan provider slipped.
After the payment of preferred dividends, the San Francisco-based company earned $189 million, or 15 cents per share, in the three months through Dec. 31. That's up from $163 million, or 13 cents per share, in the same quarter last year.
Revenue rose 9 percent to $1.22 billion from $1.11 billion.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
