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Charles Schwab saw a 44% jump in Q4 profits to $1.84 billion, exceeding analysts' forecasts.
Charles Schwab reported a strong fourth-quarter profit, up 44% to $1.84 billion, driven by higher asset management fees and increased trading volumes.
The company's revenue rose to $5.33 billion, a 20% increase from the previous year.
Schwab's stock gained over 6% in premarket trading.
Analysts forecast earnings of 91 cents per share and revenue of $5.2 billion, with mixed but generally positive outlooks from financial analysts.
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Charles Schwab vio un aumento del 44% en las ganancias del Q4 a 1,84 mil millones de dólares, superando los pronósticos de los analistas.