A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois.
Christopher Dilts | Bloomberg | Getty Images
Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade.
Charles Schwab on Tuesday reported adjusted earnings of 74 cents per share, topping estimates of 71 cents per share, according to Refinitiv. Revenue came in at $4.18 billion, higher than the forecast $4.108 billon.
Schwab said it now operates nearly 29.6 million brokerage accounts.
Shares of Schwab rose