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.