Schwab Q2 net income $1.3B (-28% YoY); GAAP EPS $0.64, adjusted $0.75; total client assets >$8T

SCHWAB CHARLES CORP

2023-Q2 EPS reported $1.48 revenue$9,772,000,000

Net revenue $4.656B (-9% YoY); GAAP net income $1.294B (-28%); diluted GAAP EPS $0.64 (-26%).
Adjusted net income $1.494B (-25%); adjusted diluted EPS $0.75 (-23%); adjusted pre-tax margin 42.0%.
Total client assets exceeded $8 trillion; GAAP pre-tax margin 36.3% vs 44.6% a year ago.
Return on average common equity 17% annualized; return on tangible common equity 62% annualized.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCHWAB CHARLES CORP reported the six months ended June 30, 2023 results: revenue $ 9,772, net income $ 2,897, EPS $ 1.48.

Period: the six months ended June 30, 2023
Revenue: $ 9,772
Net income: $ 2,897
EPS: $ 1.48
Result: reported results

Exact text from the filing

period. Three Months Ended June 30, % Six Months Ended June 30, % Financial Highlights (1) 2023 2022 Change 2023 2022 Change Net revenues (in millions) $ 4,656 $ 5,093 (9)% $ 9,772 $ 9,765 — Net income (in millions) GAAP $ 1,294 $ 1,793 (28)% $ 2,897 $ 3,195 (9)% Adjusted (1) $ 1,494 $ 1,981 (25)% $ 3,274 $ 3,572 (8)% Diluted earnings per common share GAAP $

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCHWAB CHARLES CORP reported the quarter ended June 30, 2023 results: revenue $ 4,656, net income $ 1,294, EPS $ .64.

Period: the quarter ended June 30, 2023
Revenue: $ 4,656
Net income: $ 1,294
EPS: $ .64
Result: reported results

Exact text from the filing

for the year-earlier period. Three Months Ended June 30, % Six Months Ended June 30, % Financial Highlights (1) 2023 2022 Change 2023 2022 Change Net revenues (in millions) $ 4,656 $ 5,093 (9)% $ 9,772 $ 9,765 — Net income (in millions) GAAP $ 1,294 $ 1,793 (28)% $ 2,897 $ 3,195 (9)% Adjusted (1) $ 1,494 $ 1,981 (25)% $ 3,274 $ 3,572 (8)% Diluted earnings

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

SCHWAB CHARLES CORP filing history →

Source: SEC EDGAR

accession 0000316709-23-000033

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