Charles Schwab (SCHW) shares slide as earnings, revenue miss estimates
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Schwab Reports Record Full-year Earnings Per Share
January 18, 2023 8:45 AM EST
Gathered $428 Billion in Annual Core Net New Assets; Added More Than 4 Million New Accounts
2022 Revenues Grew 12% to $20.8 Billion; Earnings per Share Increased to $3.50, $3.90 Adjusted (1)
WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2022 was $2.0 billion, up 25% from $1.6 billion for the fourth quarter 2021. Net income for the twelve months ended December 31, 2022 was a record $7.2 billion, an increase of 23% versus the prior year.
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