Charles Schwab (SCHW) Tops Q3 EPS by 5c
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Schwab Reports Strongest Quarterly Performance in Company History
October 17, 2022 8:45 AM EDT
$115 Billion in Core Net New Assets Represents a 7% Annualized Growth Rate
Revenues Rise 20% Year-Over-Year to $5.5 Billion; Net Income Reaches $2.0 Billion, up 32%
Record GAAP Earnings Per Share of $.99, $1.10 Adjusted (1) as Company Delivers Growth Plus Capital Return
WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the third quarter of 2022 was a record $2.0 billion compared with $1.8 billion for the second quarter of 2022, and $1.5 billion for the third quarter of 2021. Net income for the nine months ended September 30, 2022 was $5.2 billion, compared with $4.3 billion for the year-earlier... More
