Discount Broker Charles Schwab's Profit Rises 57 Pct

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A man walks past a Charles Schwab Investment branch in Washington January 19, 2010. REUTERS/Jim Young (UNITED STATES - Tags: BUSINESS) (Reuters)

Discount broker Charles Schwab Corp reported a 57 percent rise in quarterly profit as it earned more from trading commissions and fees for managing client assets.

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Net income available to common stockholders rose to $297 million, or 23 cents per share, in the quarter ended Dec. 30, from $189 million, or 15 cents per share, a year earlier.