Schwab’s Record Revenue Showcases Wall Street Bonanza From Trade Tumult, AI Revolution

Growing up, Charles R. Schwab says he did “everything” he could to make money after school and during the summers. He sold ice cream, mowed lawns and caddied at Santa Barbara’s Montecito Country Club, where he taught himself to golf, foreshadowing the meetings on the links in his future business career. On Thursday, “Chuck,” as he prefers to be called, earned a recreational round or two. The namesake brokerage firm he founded and co-chairs reported record quarterly revenue (up 27% year-over-year to $6.1 b ...