The higher fees that make alt investments potentially lucrative for Schwab are the same reasons customers should tread carefully.

Charles Schwab , a well-known financial services company in the United States, soars 7.6% today as it is expecting to exceed analysts' expectations for their fourth-quarter earnin

There was a lot to like in Charles Schwab’s quarterly earnings report Tuesday. Specifically, it reduced short-term debt and raised forward revenue guidance. More broadly, it rekindled the hopes of analysts and investors that the series of challenges it faced in 2023 are firmly in the rearview mirror.

As of 1:44 p.m. ET, the stock was up 6.8% on the news. Like the rest of its industry, Charles Schwab seemed to benefit from the ongoing bull market as it reported steady growth across the board. Total client assets reached $9.