Charles Schwab Corp. said Friday that second-quarter earnings grew a hefty 98%, to $151 million.

Earnings per share rose to 18 cents on revenues of $982.1 million, compared with 9 cents per share on revenues of $638 million for the second quarter of 1998.

Revenues and income for the latest quarter, the highest in the company's history, were boosted by $23 billion in net new customer assets and the addition of 422,000 new accounts. Schwab now boasts some $592 billion of customer assets in 6.2 million active accounts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.