Charles Schwab Corp. reported second-quarter results that exceeded Wall Street expectations, with adjusted earnings rising to $1.14 a share compared with the $1.09 consensus forecast. Net income climbed nearly 60% from a year earlier to $2.13 billion, or $1.08 on a GAAP basis, while revenue increased 25% to $5.85 billion. The brokerage said a surge in client trading drove the outperformance. Daily average trades jumped 38% to 7.57 million, lifting trading revenue to $952 million. Net interest income also helped, rising to $2.82 billion amid higher rates, and asset-management fees grew as total client assets reached a record $10.76 trillion. Schwab gathered $80.3 billion in core net new assets and opened about one million new brokerage accounts, 11% more than a year ago. Growth in activity offset a 5% year-on-year decline in bank deposits to $233.1 billion, a pressure point the company has faced since clients began moving idle cash into higher-yielding products. Shares of Schwab gained roughly 2% to 5% in pre-market trading following the release.