US Stock Market Move | Q4 performance exceeds expectations, Charles Schwab Corp (SCHW.US) rises over 5% in pre-market trading.

On Tuesday, Charles Schwab Corp (SCHW.US) surged over 5% in premarket trading, reaching $80.54. On the news front, Charles Schwab Corp announced better-than-expected fourth quarter performance, with continued record new fund inflows in their retail brokerage business. Data shows that the company's Q4 revenue increased by 20% year-over-year to $5.3 billion, surpassing market expectations of $5.2 billion. Adjusted earnings per share were $1.01, also exceeding analyst forecasts. Annual revenue grew by 4%, surpassing the company's growth guidance range of 3% to 3.5% given in December of last year. New CEO Rick Wurster, who took office earlier this year, stated: "Record net inflows into our managed investment solutions helped boost revenue in the fourth quarter."