U.S. discount brokerage Charles Schwab Corp reported a higher quarterly profit Monday as client assets grew to a record high.
Charles Schwab, the largest U.S. discount brokerage, Monday said it expects third-quarter profit from continuing operations per share to rise 30 percent to 35 percent from the second quarter.
Online brokerage TD Ameritrade Holding said Friday one of its databases was hacked and contact information for its more than 6.3 million customers was stolen.
The chief executive on TD Ameritrade told CNBC on Wednesday it could not comment on recent merger speculation but said the company continues to talk to competitors, as disclosed in a regulatory filing submitted several weeks ago.
Parts of the Charles Schwab Web site and phone system were temporarily knocked out or running slowly Thursday, leading to long waits for clients trying to access their accounts or execute trades, CNBC Silicon Valley Bureau Chief Jim Goldman has learned.
Discount brokerage Charles Schwab posted a 16% increase in second-quarter profit as new policies to attract clients paid off.
The Securities and Exchange Commission approved a plan to allow companies listed on the New York Stock Exchange to retain their three-letter ticker symbols should they transfer to rival Nasdaq Stock Market.
Brokerage and financial advisory firm Charles Schwab said it will use cash it received from selling off private wealth unit U.S. Trust to pay a special dividend and repurchase $2.3 billion in shares.
Bank of America's private bank business serving rich customers will be named U.S. Trust, marking the first time the company has adopted the name of a business it has bought, the New York Times reported on Monday.
Two hedge funds said Friday they plan to ask TD Ameritrade to disclose documents relating to any merger discussions, renewing pressure on the company to combine with a competitor.
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The Dow closed within striking distance of a new record following another batch of strong earnings reports. "I think this market is acting great," said Todd Leone head of listed trading at Cowen & Company. "We've had a tremendous rally and we’re still making a number of new highs. It's really acting well."
Two major online brokerages are facing selling pressure Tuesday after reporting mixed earnings results. TD Ameritrade said second-quarter profit fell 18% from the year-ago period and warned full-year results would be lower than its previous forecast, hurt by reduced trading volume and weaker commissions. Charles Schwab, meanwhile, reported that its biggest asset growth in more than five years sparked a 12% profit gain.
If you were trying to access your online brokerage account during Tuesday’s market nosedive – or even earlier today -- you may have encountered some trouble.
Charles Schwab on Wednesday said it named Walt Bettinger II, who heads its investor services unit, as president and chief operating officer, making him a potential successor to the discount brokerage's namesake founder and CEO.
Charles Schwab, the San Francisco-based brokerage, said fourth quarter earnings more than doubled over the previous year.