Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Friday reported a sharp increase in revenues and adjusted earnings for the second quarter of fiscal 2025.
- Net revenues grew 25% year-over-year to a record $5.9 billion in the second quarter
- Net Income available to stockholders rose to $1.98 billion or $1.08 per share in Q2 from $1.21 billion or $0.66 per share last year
- Adjusted earnings per share, excluding special items, were $1.14 per share, up 56% from the prior-year quarter
- Core net new assets were $80.3 billion at the end of the quarter, up 31% year-over-year; total client assets reached a record $10.76 trillion
- New brokerage account openings rose 11% YoY to 1.1 million in Q2, helping active brokerage accounts reach 37.5 million
- During the quarter, managed investing solution net inflows grew 37% compared to the second quarter of FY24
- Net interest margin rose by 12 basis points QoQ to 2.65%, mainly reflecting a further reduction of higher cost liabilities and a rebound in securities lending activity
- In the June quarter, asset management and administration fees increased by 14% year-over-year to $1.6 billion
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
