Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Wednesday reported higher earnings and revenues for the fourth quarter of 2022.
Total revenues increased 17% year-over-year to $5.50 billion in the fourth quarter. In fiscal 2022, the company gathered $428 billion in annual core net new assets and added more than 4 million new accounts.
Net profit, on an adjusted basis, moved up to $1.07 per share in the three-month period from $0.86 per share in the comparable quarter of last year. Unadjusted net income was $1.97 billion or $0.97 per share, compared to $1.58 billion or $0.76 per share in the year-ago quarter.
Check this space to read management/analysts’ comments on Charles Schwab’s Q4 2022 results
“Our focus on meeting the needs of individual investors and the advisors who serve them remains steadfast across any environment. This commitment to consistency of mission, service, and experience sets us apart, helping to drive our strong performance and keeping us positioned as one of the most trusted names in financial services,” said Walt Bettinger, CEO of Charles Schwab.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Fastenal Company (FAST) looks poised for a mixed start to FY25
Fastenal Company (NASDAQ: FAST) will report its first-quarter results on April 11, at 6:50 am ET. The company has been investing heavily to expand its digital footprint lately, and it
LEN, KBH: A look at these homebuilders’ expectations against a choppy housing market
Homebuilders Lennar Corporation (NYSE: LEN) and KB Home (NYSE: KBH) reported their earnings results for the first quarter of 2025 at the end of last month against a challenging housing
StubHub Holdings set to enter public markets. Here’s what to expect
After a modest start to the year, the IPO market is witnessing an increase in activity led by technology and healthcare companies. StubHub Holdings, a leading online ticket marketplace for
