Charles Schwab Stock Surges on Blowout Q3 Results, Analysts Eye More Upside
Charles Schwab reported record Q3 net revenue of $6.14 billion, up 27% year-over-year, and net income of $2.36 billion, a 67% jump. Shares rose after hours, trading near $98 pre-market Oct. 16. New brokerage accounts topped 1 million for the fourth straight quarter. Analysts raised price targets, citing strong client growth and asset inflows.