Charles Schwab Corporation reported stronger-than-expected earnings for the third quarter of 2024, with adjusted earnings per share (EPS) of $0.77, surpassing analyst estimates of $0.75. Revenue also exceeded forecasts, reaching $4.85 billion compared to an expected $4.77 billion. The company's market capitalization stands at approximately $124.34 billion. Following the announcement, Schwab's shares rose by 7.6% in premarket trading. The firm highlighted a 25% increase in quarterly profit, driven by higher asset management fees, and reported a significant rise in client assets, which surged 27% to $9.92 trillion. Additionally, net new assets increased by 10%, amounting to $95.3 billion. The company's total client assets grew by 17% year-over-year to $9.4 trillion. Schwab's president noted strong net flows across their spectrum of solutions, reflecting positive momentum across key metrics.