Shares of Charles Schwab (SCHW) rose Tuesday morning aft𒆙er the financial services company's fourth-quarter results beat analysts' expectations as trading activity rose and asset management fees set a quarterly record.

The firm reported $1.84 billion in profits for the quarter, up from $1.05 billion the same time last year and the $1.68 billion analysts had projected, according to estimates compiled by Visible Alpha. Charles Schwab recorded $5.33 billion in revenue, up 20% year-over-year and better than the $5.21 billion analysts had expected.

Schwab Says Trading Activity 'Surged' Post-Election

The asset manager and brokerage firm reported $2.53 billion in 澳洲幸运5官方开奖结果体彩网:net interest income, above the $2.44 billion analysts had expected. Schwab said it also saw trading activity jump 11% compared to the third quarter "as client engag🐻ement surged following the election."

Charles Schwab said its asset management and administ🌞ration fees hit a quarterly record of $1.5 billion, and said trading෴ revenue rose 14% compared to the same time last year thanks to increased trading volume.

Last quarter, the 澳洲幸运5官方开奖结果体彩网:company said it expected to enter 2025 with "good m🎐omentuꦜm" as its third-quarter results also beat estimates.

Charles Schwab shares were up more than 6.3% Tuesday morning, an♑d are up more than 25% in the last 12 months.