Charles Schwab's fourth-quarter profit soars on higher asset management fees
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Charles Schwab reported a 44% increase in fourth-quarter profit, driven by higher asset management fees, leading to a more than 6% rise in its shares during premarket trading.
January 21, 2025 | 2:00 pm
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Charles Schwab's fourth-quarter profit increased by 44% due to higher asset management fees, resulting in a more than 6% rise in its stock during premarket trading.
The significant increase in profit and the subsequent rise in premarket trading indicate a positive market reaction. The 44% profit increase is substantial, and the rise in asset management fees suggests strong business performance, likely leading to a short-term positive impact on the stock price.
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