The Charles Schwab Corporation (NYSE: SCHW) reported its third quarter 2023 earnings results today.
Net revenues decreased 16% year-over-year to $4.60 billion.
Net income available to common stockholders was $1 billion, or $0.56 per share, compared to $1.8 billion, or $0.99 per share, last year. Adjusted EPS fell 30% to $0.77.
Earnings beat estimates while revenue fell short.
Net interest revenue fell 24% YoY to $2.2 billion.
The stock gained over 2% in morning trade on Monday.
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