earnings
confidence high
sentiment positive
materiality 0.80
Schwab Q4 earnings: adj EPS $1.01 (+49% YoY), revenue $5.3B (+20%)
SCHWAB CHARLES CORP
2024-FY EPS reported
$2.99
revenue$19,606,000,000
- Q4 GAAP EPS $0.94, adj EPS $1.01; net income $1.84B (+76% YoY), adj net income $1.974B (+44%).
- Net revenues $5.33B (+20% YoY); pre-tax margin GAAP 43.3%, adj 46.6%.
- Core net new assets $114.8B in Q4, $366.9B for 2024 (+20% vs 2023); total client assets $10.10T (+19%).
- Managed Investing Solutions full-year net inflows record $55B; new brokerage accounts +23% YoY to 1.1M.
- Bank supplemental funding reduced to $49.9B, down ~50% from peak; margin balances $83.8B (+15% seq).