Categories AlphaGraphs, Earnings, Finance

Charles Schwab (SCHW) Q1 earnings and revenues increase

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Wednesday reported higher earnings and revenues for the first quarter of 2023.

Charles Schwab Q1 2023 earnings infographic

Total revenues increased 10% year-over-year to $5.12 billion in the first quarter. During the quarter, clients opened over one million new brokerage accounts and entrusted the company with $132 billion of core net new assets.

Net profit, on an adjusted basis, moved up to $0.93 per share in the three-month period from $0.77 per share in the comparable quarter of last year. Unadjusted net income was $1.60 billion or $0.83 per share, compared to $1.40 billion or $0.67 per share in the year-ago quarter.

“When I drafted my first letter to stockholders 15 years ago in the middle of the financial crisis, I outlined four factors that helped distinguish Schwab from other financial institutions during a very challenging time for global markets: a strong financial foundation, a client-centric strategy, a disciplined operating approach, and a diversified business model. These characteristics remain every bit as relevant to our story today,” said Walt Bettinger, CEO of Charles Schwab.

Prior Performance

  • Charles Schwab Q4 2022 earnings infographic
  • The Charles Schwab Corporation Q2 2022 Earnings Infographic
  • Charles Schwab Q3 2022 earnings infographic
  • The Charles Schwab Corporation Q1 2022 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

LandBridge Company gears up to raise $319 million in US IPO

LandBridge Company LLC, which is engaged in the acquisition of oil properties, is preparing to become a public entity by listing on the New York Stock Exchange through an initial

A look at the performance of Philip Morris’ (PM) smoke-free business

Shares of Philip Morris International Inc. (NYSE: PM) stayed red on Monday. The stock has gained 7% over the past three months. The company has been seeing its smoke-free business

Kroger (KR) to report Q1 earnings on Thursday. Here’s what to expect

Grocery chain The Kroger Co. (NYSE: KR) is preparing to report financial results for the first three months of fiscal 2024, with market watchers forecasting a modest outcome. Betting on

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top