Charles Schwab (SCHW) Tops Q1 EPS by 1c

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Go back to Charles Schwab (SCHW) Tops Q1 EPS by 1c

Schwab Reports First Quarter Results

April 15, 2024 8:00 AM EDT

March Core Net New Assets Equaled $45 Billion Annualized Growth Rate of 6%
Total Client Assets Reached A Record $9.1 Trillion, Up 20% Year-Over-Year
Expanded Profitability With GAAP Pre-Tax Margin of 37.9%; 40.9% Adjusted (1)

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share. Excluding $140 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.74, respectively.

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