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Charles Schwab Second Quarter Report
Charles Schwab (read our full review) reported today a positive gain of 10% for revenues for the second quarter. Year over year the broker is up in revenues a respectable 16%. They reached 5.7 million clients as of the end of June. Notable updates include new banking features for the Android and iPhone mobile device apps.
“We continue to operate with a high degree of financial stability and flexibility. With nearly $7 billion in stockholders’ equity and a healthy balance sheet that reflects our rigorous approach to credit risk and capital management, we can stay focused on serving the needs of our growing client base regardless of the operating environment” stated CFO Joe Martinetto.
Read the full report.
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