Categories AlphaGraphs, Earnings, Finance

How Charles Schwab (SCHW) performed in Q3 financial results

The Charles Schwab Corporation (NYSE: SCHW) reported third quarter 2020 earnings results today.

Net revenues fell 10% year-over-year to $2.4 billion.

GAAP net income dropped 27% to $698 million while EPS decreased 31% to $0.48. Adjusted net income declined 22% to $749 million while EPS fell 27% to $0.51.  

Last week, Charles Schwab completed the acquisition of TD Ameritrade, creating a company with approx. $6 trillion in client assets across 28 million brokerage accounts.  

Also Read:  Home Bancshares Inc. (HOMB) Q3 2020 Earnings Call Transcript

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