Categories AlphaGraphs, Earnings, Finance

Charles Schwab (SCHW) reports positive results for Q2; revenues up 13%

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Monday reported higher earnings and revenues for the second quarter of 2022. The top line slightly exceeded Wall Street’s forecast.

Total revenues increased 13% year-over-year to $5.09 billion in the second quarter of fiscal 2022. The number also came in slightly above Wall Street’s estimates.

The Charles Schwab Corporation Q2 2022 Earnings Infographic

Net profit, on an adjusted basis, moved up to $0.97 per share during the three-month period from $0.70 per share in the comparable quarter of last year. Unadjusted net income was $1.79 billion or $0.87 per share, compared to $1.27 billion or $0.59 per share in the year-ago quarter.

“Throughout the first half of 2022, we’ve kept our focus on serving clients and they’ve rewarded us with sustained strength in business momentum and growth. Clients remained engaged during the second quarter even as pressures mounted on the U.S. economy, including rising inflation and the Fed’s corresponding shift to an aggressive tightening stance, ongoing geopolitical turmoil driven by the war in Ukraine, and more-volatile equity markets that are now in bear-market territory,” said Walt Bettinger, CEO of Charles Schwab.


Check this space to read management/analysts’ comments on Charles Schwab’s Q2 2022 results


Charles Schwab’s stock has lost about 10% in the past twelve months. It gained on Monday morning following the earnings release, after closing the last session higher.

  • The Charles Schwab Corporation Q1 2022 earnings infographic
  • The Charles Schwab Corporation Q4 2021 earnings infographic
  • The Charles Schwab Corporation Q3 2021 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

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

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