On Tuesday, Shares of Charles Schwab Corp (NYSE:SCHW), added 1.64% and closed at $32.21 in the last trading session. SCHW stock opened its last trade at $32.38 and after floating in a range of $31.98 to $32.45. The company’s Market capitalization is $42.24 Billion with the total Outstanding Shares of 1.32 billion. During the 52-week trading session the minimum price at which share price traded, registered at $21.51 and reached to max level of $34.52. The Earnings per Share of the company stands at $1.24. The Charles Schwab Corporation announced today that its net income for the third quarter of 2016 was $503 million, up 11% from $452 million for the prior quarter, and up 34% from $376 million for the third quarter of 2015. Net income for the nine months ended September 30, 2016 was $1.37 billion, up 33% from the year-earlier period.
CEO Walt Bettinger said, “Schwab’s third quarter results reflect the combined power of our strategy and scale – we served more clients than ever while delivering record financial performance. Our range of full-service investment capabilities continued to attract a broad spectrum of investors and helped core net new assets total $30.0 billion in the third quarter, sustaining a solid 5% annualized organic growth rate. We ended the quarter serving 10.0 million brokerage accounts and 1.1 million bank accounts, both records, as well as 1.6 million retirement plan participants, up 4%, 6% and 5%, respectively. Total client assets reached a record $2.73 trillion, up 13% year-over-year, as investors continued to engage with us for help and advice throughout the summer quarter. Our financial consultants held planning conversations with 34,000 clients, up 17%. Year-to-date, 101,000 clients have participated in such conversations with us, up 22% from the year-earlier period. Assets enrolled in some form of ongoing advisory service totaled $1.37 trillion at quarter-end, up 14% from a year ago.
Shares of Vereit Inc (NYSE:VER), lost -0.83% and closed at $9.52 in the last trading session. VER stock opened its last trade at $9.65 and after floating in a range of $9.51 to $9.84. The company’s Market capitalization is $9.14 Billion with the total Outstanding Shares of 965.19 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.68 and reached to max level of $11.09. The Earnings per Share of the company stands at $-0.40. VEREIT, Inc. is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, mainly to investment grade credit rated and other creditworthy tenants.