Charles Schwab Corp. reported its fourth-quarter earnings for 2024, surpassing Wall Street estimates. The company announced an adjusted earnings per share (EPS) of $1.01, beating the consensus estimate of $0.91 by 11%, and revenue of $5.33 billion, which exceeded the expected $5.19 billion by nearly 20%. Total client assets stood at $10.10 trillion, slightly below the estimate of $10.17 trillion. Net interest revenue reached $2.53 billion, above the forecast of $2.43 billion, and bank deposits were reported at $259.1 billion, surpassing the estimate of $250.9 billion. The company also highlighted a year-over-year increase in adjusted net income to $2.0 billion, up 44%, and a 49% rise in adjusted EPS. Key segments showed strong performance with asset management and administration fees (AMAF) revenue at a quarterly record of $1.5 billion, up 9.7% year-over-year, trading revenue at $827 million, net interest revenue up 19% year-over-year, and asset management revenue up 22% year-over-year. Total client assets increased by 19% year-over-year to $10.1 trillion. Following the earnings release, Charles Schwab's stock rose by approximately 6%.