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Charles Schwab logs 44% more trades as unit revenue drops 20%
Net interest revenue and asset management fees each advanced 14%; Schwab also drew $190.4 billion in core net new assets and clients opened 1.2 million brokerage accounts.
Read articleNet interest revenue and asset management fees each advanced 14%; Schwab also drew $190.4 billion in core net new assets and clients opened 1.2 million brokerage accounts.
Read articleThe blended figure includes commission-free orders and adviser-allocated trades; Schwab says options carry a $0.65 per-contract fee. Trading made up about 16% of quarterly net revenue.
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