Charles Schwab Corp. (NYSE:SCHW) reported upbeat earnings for the first quarter on Thursday.
The company posted adjusted earnings of $1.43 per share, up 38% from a year earlier and above the analyst consensus estimate of $1.39. Revenue rose 16% year over year to $6.48 billion, slightly above Wall Street expectations of $6.47 billion.
President and CEO Rick Wurster said client engagement remained strong, driving record levels in wealth and banking solutions. “Clients continue to turn to us for more of their financial lives, helping wealth and banking solutions reach record levels in 1Q,” he said. “Led by Schwab Wealth Advisory, Managed …