Charles Schwab (SCHW) Tops Q1 EPS by 2c
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Schwab Reports Record Quarterly Net Income of $564 Million, up 37%
April 18, 2017 8:45 AM EDTRevenues Grow 18% Year-Over-Year to a Record $2.1 Billion
Core Net New Assets Total $38.9 Billion and Total Client Assets Reach a Record $2.92 Trillion
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the first quarter of 2017 was a record $564 million, up 8% from $522 million for the prior quarter, and up 37% from $412 million for the first quarter of 2016. The company's financial results for the first three months of 2017 reflect a new accounting standard for equity compensation; a description of this item is included under the following table.... More
