Categories AlphaGraphs, Earnings, Finance
SCHW Earnings: A snapshot of Charles Schwab’s Q3 2024 results
Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported flat earnings for the third quarter of 2024, on an adjusted basis.
Total revenues increased 5% year-over-year to $4.85 billion in the September quarter. The topline benefitted from a 21% surge in asset management and administration fees.
Net income available to common stockholders was $1.41 billion or $0.71 per share in Q3, compared to $1.13 billion or $0.56 per share in the prior-year quarter. Adjusted profit remained unchanged year-over-year at $0.77 per share.
“Our momentum with clients continues to build following the successful completion of the Ameritrade conversion earlier this year. Third quarter net asset gathering of over $95 billion pushed year-to-date core net new assets to $252 billion,” said the company’s CEO Walt Bettinger.
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
Earnings: Citigroup (C) Q1 profit rises on higher revenues, beats estimates
Citigroup Inc. (NYSE: C) Tuesday reported stronger-than-expected revenue and earnings for the first quarter of 2025. Both revenues and net income increased year-over-year. In the March quarter, net profit was
Bank of America (BAC) Q1 2025 Earnings: Key financials and quarterly highlights
Bank of America (NYSE: BAC) reported its first quarter 2025 earnings results today. Revenue, net of interest expense, was $27.4 billion, up 6% year-over-year, driven by non-interest income growth across
What to expect when Philip Morris (PM) reports Q1 2025 earnings results
Shares of Philip Morris International Inc. (NYSE: PM) were up over 2% on Monday. The stock has gained 33% over the past three months. The tobacco company is scheduled to
