Schwab Reports 4Q Earnings Per Share of $.62 and a Record $2.67 For 2019
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Charles Schwab (SCHW) Misses Q4 EPS by 2c
January 16, 2020 8:46 AM ESTCharles Schwab (NYSE: SCHW) reported Q4 EPS of $0.62, $0.02 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.6 billion.
CFO Peter Crawford commented, We achieved impressive financial results in 2019 given the somewhat more challenging than expected macroeconomic backdrop and our own pricing decisions. We delivered a record $10.7 billion in total revenue, up 6% year-over-year, which was just shy of the range we outlined at the beginning of the year. Net interest revenue increased 12% from the prior year to $6.5 billion, driven by higher average investment... More
