Shares of Charles Schwab (SCHW) rose 4% in early trading Monday after the discount brokerage and fi🌊nancial advisory firm reported better-than-expected results because of “an improved macroeconomic environment.”

Schwab posted first quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 74 cents versus 93 cents the same period last year. Revenue was down 7.3% to $4.74 billion. However, both exceeded analysts' forecasts.

The company noted that it benefited from strong equity markets and organic asset gathering during th♔e period. It said investor sentiment “improved noticeably as clients were𒁏 net buyers of securities and increased their exposure to equities.”

Schwab said active brokerage accounts were up 3% to 35.3 million. Trading volume rose 15%, and margin balances gained 9%. 

Total net new assets plunged 41.5% to $88.2 billion. Revenue per trade slipped 7.8% to $2.25. Ba🐷nk ༒deposits fell 17.3% to $269.5 million.

Charles Schwab shares were 4.1% higher at $72.92 as of about 11:45 a.m. ET and have gained more than 38% in the last 12 months.