SECURITIES

Schwab Profit Rises: In reporting third-quarter results, the San Francisco-based brokerage firm said 1996 revenue and net income have continued to grow at a record pace. Charles Schwab Corp. said its net income for the three months ended Sept. 30 rose to $57.1 million, or 32 cents a share, from $47.2 million, or 26 cents a share. Revenue rose to $430 million from $385.5 million. Schwab said revenue, at $1.37 billion, and net income, at $174.1 million, or 97 cents a share, for the nine-month period are the highest in the company’s history. Those results compare with a net income of $130 million, or 73 cents a share, on revenue of $1.03 billion for the first three quarters of 1995. Schwab stock gained $1.375 to $24.375 on NYSE.