PROFIT UP: Discount broker Charles Schwab Corp. posted quarterly net income 77 percent above a year ago as more investors turned to the company's advisory services amid increased market volatility and stock trading increased. Net income rose to $220 million, or 18 cents per share, from $124 million, or 10 cents per share.
SLIGHT MISS: The results missed the 19 cents per share expected by analysts surveyed by FactSet. Revenue of $1.18 billion also was slightly below the estimate of $1.19 billion.
SHARES SLIP: Shares fell 3.7 percent in morning trading while the broader markets were down about 1 percent. The stock has declined 28 percent in the year to date.