Charles Schwab Corp. said today that its operating income for this year’s third quarter fell more than 50% from the same period last year. The firm says economic uncertainty that has sparked the markets’ turbulence since last months’ terrorist attacks played a significant role in the declines.

Operating income for the third quarter was $81 million, or $.06 per share, on operating revenues of $1 billion, compared to operating income of $165 million, or $1.2 per share, on operating revenues of $1.3 billion during the third quarter of 2000.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.