After having overextended its services at the end of the bull market to cater to affluent investors--and then laying off thousands of employees, struggling to find a more viable business model and seeing 900,000 accounts walk out the door, today, a streamlined Charles Schwab is showing impressive signs of strength, Los Angeles Times reports.

The company is, once again, focused on offering discounted trades to the individual investor. The stock closed at $16.95 on Friday, 49% above where it was a year before, and first quarter earnings soared 68%.

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