Tuesday, April 17, 2007

UPDATE 1-Charles Schwab quarterly profit rises 12 pct

(Reuters) - Net income rose to $273 million, or 22 cents a share, from $243 million, or 19 cents, a year earlier. The results matched analysts' average forecast, according to Reuters Estimates.

Revenue at the San Francisco-based company rose 9 percent to $1.15 billion, adjusted to reflect the pending sale of its U.S. Trust unit to Bank of America Corp. .


Read more at Reuters.com Market News

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