earnings
confidence high
sentiment positive
materiality 0.70
Schwab reports record $9.4T client assets; core net new assets up 17% to $61.2B in Q2
SCHWAB CHARLES CORP
2024-Q2 EPS reported
$1.34
revenue$9,430,000,000
- Net income $1.33B, diluted EPS $0.66 GAAP; adjusted EPS $0.73 (down 3% YoY).
- Total client assets record $9.41T (+17% YoY); core net new assets $61.2B (+17%).
- Net revenues $4.69B (+1% YoY); adjusted pre-tax margin 41.0%.
- Record asset management fees $1.4B; managed investing net flows $25B YTD (+56%).
- Accrued $43M for industry-wide regulatory review of off-channel communications.