By Denny Jacob


Charles Schwab posted quarterly results that came in just above Wall Street's forecasts, boosted in part by the robust trading of its customers engaged in the market.

The brokerage giant logged net income available to common shareholders of $1.21 billion, or 66 cents a share, for the second quarter ended June 30, up from $1.17 billion, or 64 cents a share, a year earlier.

Adjusted earnings were 73 cents a share, slightly above analysts' estimates of 72 cents a share.

Revenue ticked up 1% to $4.69 billion from $4.66 billion, which the company attributed to sustained market strength. Analysts polled by FactSet expected $4.68 billion.

Active brokerage accounts increased 4% year-over-year to 35.6 million.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

07-16-24 0802ET