Categories AlphaGraphs, Earnings, Finance

Charles Schwab (SCHW) reports lower earnings and revenues for Q2

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and revenues for the second quarter of 2023.

The Charles Schwab Corporation Q2 2023 earnings infographic

Total revenues decreased 9% year-over-year to $4.66 billion in the second quarter. During the quarter, the company gathered $52 billion in core net new assets – bringing year-to-date asset gathering to over $180 billion.

Net profit, on an adjusted basis, declined to $0.75 per share in the three-month period from $0.97 per share in the comparable quarter of last year. Unadjusted net income was $1.17 billion or $0.64 per share, compared to $1.65 billion or $0.87 per share in the year-ago quarter.

“While we observed signs of typical tax seasonality, as well as softer investor sentiment at the beginning of the quarter, we still attracted nearly 1 million new brokerage accounts and finished the period serving $8.02 trillion in total client assets across 34 million accounts,” 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

_________________________________________________________________________________________________________________

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

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

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