Schwab benefited from robust client engagement as customers opened more accounts and invested more money with the giant wealth management company.

Charles Schwab’s stock rose Tuesday after the money manager reversed a year-ago revenue decline, beat Wall Street’s fourth-quarter earnings estimate and raised the possibility that it would buy back stock for the first time in at least a year.

Charles Schwab Corp. reported results that exceeded Wall Street estimates as it continues to attract record inflows to its retail brokerage.