Charles Schwab Stock Hits Record High on Upbeat Results

Bank stock Charles Schwab Corp (NYSE:SCHW) is trading at record highs this morning, up 4.6% at $97.50 at last glance, after the company's better-than-expected second-quarter results. Earnings of $1.14 per share beat estimates of $1.09, while record revenue of $5.85 billion surpassed estimates of $5.73 billion. The firm said it opened more than 1 million new brokerage accounts this quarter, gathering $80.3 billion in new core assets. On the charts, SCHW has been on the rise since early April, and now sports ...