Oct 15 · 11:36:00 AM · Source: Business Wire

The Charles Schwab Corporation announced today that its net income was $200 million for the third quarter of 2009, down 34% from the third quarter of 2008. For the nine months ended September 30, 2009, the company`s net income was $623 million, down 31% from the year-earlier period. Third quarter revenue was 1,011,000 vs. 1,251,000 in last year's comparable period.
Chairman Charles Schwab said: "Here at Schwab, we have seen the fear that gripped investor sentiment in 2008 and early 2009 begin to subside, with branch, website, and phone traffic all showing signs that more individuals are reexamining their investing strategies and looking for direction in managing their investments for the future."

Track · email · face · Twitter · digg · COMMENTS
by Larry Etter