Categories AlphaGraphs, Earnings, Finance
SCHW Earnings: Highlights of Charles Schwab Corporation’s Q4 2023 results
Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Wednesday reported a decrease in adjusted earnings and revenues for the fourth quarter of 2023.
Total revenues declined 19% year-over-year to $4.46 billion in the fourth quarter. In the whole of 2023, clients entrusted the company with $306 billion in core net new assets, including over $43 billion in December alone.
Net income available to common stockholders was $926 million or $0.51 per share in Q4, compared with $1.82 billion or $0.97 per share in the prior-year quarter. Adjusted profit declined to $0.68 per share from $1.07 per share last year.
“Over the course of 2023, our commitment to clients was unwavering. Through an uneven environment with shifting views on the trajectory of the U.S. economy, persistent geopolitical unrest, and a temporary disruption within the regional banking sector, our “no trade-offs” value proposition continued to resonate with investors,” said Walt Bettinger, CEO of Charles Schwab.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Infographic: How UnitedHealth Group (UNH) performed in Q1 2025
UnitedHealth Group (NYSE: UNH) reported its first quarter 2025 earnings results today. Total revenues were $109.6 billion compared to $99.8 billion in the same quarter a year ago. Net earnings
INFY Earnings: Infosys Q4 profit drops despite an increase in revenues
Infosys (NYSE: INFY) Thursday reported an increase in revenues for the fourth quarter of 2025. However, Q4 profit declined year-over-year. The software firm’s revenues increased 3.6% year-over-year to $4.73 billion
AXP Earnings: Key quarterly highlights from American Express’ Q1 2025 financial results
American Express Company (NYSE: AXP) reported its first quarter 2025 earnings results today. Consolidated total revenues net of interest expense were $17 billion, up 7% year-over-year. Revenues grew 8% on
