earnings
confidence high
sentiment positive
materiality 0.85
Schwab reports record Q3: revenue $5.5B (+20% YoY), net income $2.0B (+32%)
SCHWAB CHARLES CORP
2022-Q3 EPS reported
$2.53
revenue$15,265,000,000
- Record GAAP EPS of $0.99; adjusted EPS $1.10 (+31% YoY).
- Core net new assets of $115B, a 7% annualized growth rate.
- Net revenues $5.5B, up 20% YoY; net income $2.0B, up 32%.
- Pre-tax profit margin 48.7% GAAP (53.3% adjusted); return on tangible common equity 74%.
- Nine-month net revenues $15.3B, net income $5.2B, both up double-digits YoY.