Charles Schwab Credits Gain On The Sale Of Its U.S. Trust To Big Jump In Its Third-Quarter Earnings

Brokerage firm Charles Schwab is crediting a gain on the sale of its U.S. Trust wealth management business to a big jump in its third-quarter earnings.

The San Francisco-based firm says it earned 1.53 billion dollars, or $1.28 per share, for its most recent quarter.

Schwab also says new assets brought in my clients helped it to reach a record 1.441 trillion dollars in total client assets as of the end of September.

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