Schwab Reports Quarterly Results

SAN FRANCISCO, Oct. 15 /PRNewswire-FirstCall/ -- The Charles Schwab Corporation announced today that its net income for the quarter ended September 30, 2007 was $1.5 billion, including a $1.2 billion after-tax gain on the sale of U.S. Trust. Income from continuing operations, which excludes the impact of U.S. Trust, was $323 million for the quarter. In comparison, the company reported income from continuing operations of $256 million and $230 million, respectively, for the second quarter of 2007 and third quarter of 2006.

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