Shares of Charles Schwab (SCHW) rose Tuesday morning after the financial services company's fourth-quarter results beat an🌟alysts' expectatio🀅ns 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开奖号码历史查询:net interest income, above the $2.44 billion analysts ha𓆏d expected. Schwab said it also saw trading activity jump 11% compared to the t♔hird quarter "as client engagement surged following the election."

Charles Schwab said its asset management and administration 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开奖号码历史查询:company said it expected to enter 2025 with "good momentum" as its third-quarter results also be✱at estimates.

♒ Charles Schwab shares were up more than 6.3% Tuesday morning, and are up more than⛎ 25% in the last 12 months.