Categories AlphaGraphs, Analysis, Finance, LATEST
SCHW Earnings: Highlights of Charles Schwab Corporation’s Q2 2024 results
Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and a modest increase in revenues for the second quarter of 2024.
Total revenues edged up 1% year-over-year to $4.69 billion in the second quarter. The topline benefitted from an increase in total client assets amid sustained equity market strength and organic asset gathering.
Net income available to common stockholders was $1.21 billion or $0.66 per share in Q2, compared to $1.17 billion or $0.64 per share in the prior-year quarter. Adjusted profit declined to $0.73 per share from $0.75 per share last year.
“Record asset management and administration fees, along with our balanced approach to expense management, helped Schwab produce a second-quarter pre-tax margin of 37.2% – 41.0% adjusted,” said the company’s CFO Peter Crawford.
Prior Performance
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
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
