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Charles Schwab’s Bank and Investments in Infrastructure

Charles Schwab Positioned for Higher Growth in Retail and Trades

Banking supports growth

Charles Schwab (SCHW) Bank’s balance sheet expanded to $122.4 billion, up 18% on a year-over-year basis. The bank’s net interest revenue led to an overall increase in net income. It reported net interest revenue of $612 million in 2Q15 as compared to $562 million in the prior year’s quarter. The company doesn’t use the bank and its product for client acquisition; the structure is used for supporting trading and wealth management products. The bank’s outstanding mortgage and home equity loans stood at $11.1 billion as of June 30, 2015. Charles Schwab managed first...