Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-21T11:58:00+00:00
Charles Schwab (SCHW) said Tuesday that profits soared 32% from a year ago, fueled by record client trading activity during one of Wall Street's busiest quarters ever. Schwab reported net income of $2.8 billion, or $1.62 per share on a adjusted basis. Total net revenue increased 21% to $7.1 billion, driven in part by a 28% rise in trading revenue. The company's report exceeded analyst forecasts for profits and revenue. "During the second quarter, strong client engagement helped drive year-over-year revenue growth," Schwab CEO Rick Wurster said in a earnings release statement. Sharp price swings, heavy stock rotation, and rising investor balances helped stock trading desks deliver a blowout second quarter. The frenzy extended to Schwab. Customer margin balances, or the amount clients borrow
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.