Schwab reports Q3 2024 net income of $1.4B, EPS $0.71, record client assets $9.92T

SCHWAB CHARLES CORP

2024-Q3 EPS reported $2.05 revenue$14,277,000,000

Net revenues grew 5% year-over-year to $4.8B in Q3 2024.
Core net new assets totaled $95.3B in Q3, year-to-date $252.1B up 10% vs 2023.
Total client assets reached a record $9.92 trillion, up 27% year-over-year.
Adjusted pre-tax profit margin was 41.2% for Q3 2024.
Bank supplemental funding reduced by $8.9B sequentially in Q3 2024.

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