Discount broker Charles Schwab Corp. said Monday its third-quarter net income rose 77 percent as more investors turned to the company’s advisory services amid increased market volatility and stock trading increased.
Hundreds of protesters took to the streets of San Francisco Thursday to protest Wall Street banks and six were arrested, police said.
Discount broker Charles Schwab Corp. reported its first-quarter profit surged as the economy and stock markets improved.
San Francisco-based Charles Schwab is buying online brokerage services provider OptionsXpress for $1 billion.
Discount broker The Charles Schwab Corp. said its fourth-quarter profit fell 27 percent because of charges related to a settlement over disclosure of the risks of a short-term bond fund.
Two units of Charles Schwab Corp. have agreed to pay a total $118.9 million to settle federal regulators’ civil charges of making misleading statements about the risks of a short-term bond fund.
Charles Schwab is recuperating after undergoing successful heart valve replacement surgery on Friday.
Charles Schwab reported Friday that its third-quarter net income slid 38 percent, with the retail brokerage logging a hefty charge from the 2008 default of a single structured investment linked to its money market mutual funds.