Total revenues increased 27% year-over-year to $6.14 billion in the September quarter. Driving the topline growth, total client assets increased 17% annually to a record $11.59 trillion.
Net income available to common stockholders was $2.36 billion or $1.26 per share in Q3, compared to $1.41 billion or $0.71 per share in the prior-year quarter. Adjusted profit climbed 70% year-over-year to $1.31 per share during the three months.
“Strengthening organic growth trends, increasing adoption of wealth solutions, and favorable macroeconomic tailwinds powered another quarter of record revenue and earnings per share,” said Charles Schwab’s president & CEO Rick Wurster.
