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Charles Schwab Posts Solid First Quarter Earnings
Charles Schwab (read our full review) released their first quarter earnings last week. The results have been great for their stock (SCHW), which is up 3.3% since they posted on April 15th. Their reported $243 million quarterly profit resulted in a $.20 per share profit, beating analysts expectation of $.19.
It appears they are establishing solid momentum going into this year which will include the major acquisition of optionsXpress (OXPS). With that roughly $1 B piece of the puzzle in place they will be seriously bolstering their options platform and offerings. Stockbrokers.com is excited observe how this transition takes place and what tools, interfaces, etc are integrated into the current Charles Schwab trading platform.
Charles Schwab took third place overall in our 2011 Online Broker Review.
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