Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Capital Markets industry in the US.

Charles Schwab (SCHW) stock traded more than 5% higher following the company’s earnings report on Tuesday morning. For the quarter, the bank and brokerage company marked a notable resurgence under its new CEO Rick Wurster, who took the helm on January 1.

Charles Schwab Corp. reported results that exceeded Wall Street estimates as it continues to attract record inflows to its retail brokerage.

The Charles Schwab Corporation SCHW reported upbeat fourth-quarter results on Tuesday. Revenue rose 20% year over year to $5.33 billion, beating the consensus of $5.19 billion. Net interest revenue rose 19% Y/Y to $2.531 billion in the fourth quarter. Clients' daily average trades totaled 6.312 million, up 22% Y/Y.

Schwab's diversified business model spans brokerage services, asset management, banking and other financial solutions, and its results often reflect trends in the investment landscape. Expectations of lower corporate taxes and deregulation under newly elected U.

Charles Schwab shares rose Tuesday after the financial services firm's earnings for the fourth quarter topped estimates. Revenue and profits surged from the same time a year ago as asset management fees set a quarterly record.