Schwab Q2 2007 Earning

--The biggest discount borkerage --profit increased 16% as rising stock prices boosted trading revenue --revenue rose 10% to 1.2 bil --client assets rose 23% to $1.38 trillion, might surpass ML in three years. --competiting directly ti TD Ameritrade Holding Corp. and Trade, two of which are rumored to merge. Fiedlity investmnets another competitor too. Pricing wars.