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The surge in assets and accounts signals that Schwab's ending commission fees is paying off by attracting customers and boosting new revenue streams.
The banking titan posted higher revenues across its institutional securities, wealth management, and investment management divisions.
The bank posted a strong quarter for trading, but the impact was muted by a $1.1 billion legal charge amid a pending settlement for the 1MDB scandal.
The banking titan posted lower revenue and net income in three of its four main divisions, while sales and trading drove growth in global markets.
The company's domestic revenue grew more than any other regional business, hinting its bet on increased US travel is paying off.
The firm posted a 49% gain to fixed income trading revenue, more than double the gain analysts anticipated, according to those surveyed by Bloomberg.
JPMorgan beat analysts' expectations as fixed income and equities fueled record revenues in its corporate and investment banking division.
Brazil was one of Netflix’s first international breakthroughs. But new app usage data suggests it’s struggling to keep up growth.
Netflix may have stumbled during the fourth quarter in the key Latin American market, Brazil, estimates from mobile-analytics firm SimilarWeb suggest.
The SEC is investigating whether BMW manipulated sales figures by counting cars as sold before they even left the lot
'We can confirm that we have been contacted by the SEC and will cooperate fully with their investigation,' a BMW spokesperson told Business Insider.
FedEx also shifted its full-year earnings estimate lower, citing a greater shift to costly home deliveries.