Wall Street analysts anticipate Schwab did well. Their consensus forecast is for earnings per share of $1.10 and revenue of $5.7 billion, according to Factset. For the same period a year ago, Schwab reported earnings of 73 cents and revenue of $4.7 billion.

Charles Schwab shares rose to their first record closing high since January 2022, powered by an earnings report that benefited from heavy trading activity. The company joined other banks and brokers i

Charles Schwab beat forecasts for earnings and revenue, and shares traded at a record high. The discount brokerage and investment firm posted big gains in trading revenue and net interest income, and total client assets reached an all-time high of $10.76 trillion.