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Charles Schwab: Solid 2014 Results Reaffirm The Company Is Riding A Positive Trend

Charles Schwab (NYSE:SCHW) announced its Q4 2014 results on 16th January. The company continued to experience growth in its client base during Q4. Total client assets ended the year at a record $2.4 trillion, up 10% from a year ago. Benefiting from a growing client base, the company achieved net revenue of $1,551 million, up 8% from the fourth-quarter 2013. The total net revenue for the full-year 2014 surpassed $6 billion, up 11% year over year. The strong clients' activities, alongside with the continued cost discipline, enabled the company to achieve a pre-tax profit margin of 35.7% for the fourth-quarter 2014, bringing the full-year pre-tax profit margin to 34.9%, 350bp higher from that of…