Charles Schwab 2010 Annual Report Download - page 44

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I
nvestor Services
Net revenues increased by $135 million, or 5%, in 2010 from 2009 primarily due to an increase in net interest revenue and lower net
impairment losses on securities, partially offset by decreases in trading revenue and other revenue. Net interest revenue increased due
to higher average balances of interest-earning assets, partially offset by a decrease in the average yield earned. Trading revenue
decreased due to lower average revenue per revenue trade resulting from improved online trade pricing for clients, which was
implemented in January 2010, and slightly lower daily average revenue trades in 2010. Other revenue was lower in comparison to
2009 due to a gain on the repurchase of a portion of the Company’s long-term debt in
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