Schwab reports Q3 2023: GAAP EPS $0.56 (down 43%), revenues $4.6B (down 16%)

SCHWAB CHARLES CORP

2023-Q3 EPS reported $2.03 revenue$14,378,000,000

GAAP net income $1.125B (down 44% YoY); adjusted net income $1.518B (down 31%).
Total net revenues $4.606B down 16% from $5.5B in Q3 2022.
Pre-tax profit margin GAAP 30.0% vs 48.7% a year ago.
Core net new assets in September exceeded $27 billion; bank sweep deposits grew.
Successfully completed largest brokerage conversion event in history.

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 quarter ended September 30, 2023 results: net income $1.1 billion, EPS $.56.

Period: quarter ended September 30, 2023
Net income: $1.1 billion
EPS: $.56
Result: reported results

Exact text from the filing

The Charles Schwab Corporation announced today that its net income for the third quarter of 2023 was $1.1 billion compared with $2.0 billion for the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCHWAB CHARLES CORP reported the nine months ended September 30, 2023 results: net income $ 4.0 billion, EPS $ 2.03.

Period: the nine months ended September 30, 2023
Net income: $ 4.0 billion
EPS: $ 2.03
Result: reported results

Exact text from the filing

Net income for the nine months ended September 30, 2023 was $ 4.0 billion, compared with $5.2 billion for the year-earlier period.

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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 0000316709-23-000047

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