Charles Schwab third-quarter earnings meet analyst estimates

10/16/2009 | Google

Charles Schwab announced earnings Thursday that met analyst estimates. The company earned 17 cents a share on revenue of $1.01 billion. The company said that it continued to attract new clients and that demand for advisory services was increasing, but low interest rates were hurting results. "As rates do begin to come up, as the economy begins to strengthen, we should see the impact on our financials pretty immediately," Chief Financial Officer Joe Martinetto said.

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