Earnings ·
The Charles Schwab Corporation reported record quarterly net revenues of $7.1 billion, a 21% year-over-year increase…
SCHW-PDSchwab Charles Corp
The Charles Schwab Corporation reported record quarterly net revenues of $7.1 billion, a 21% year-over-year increase, and GAAP earnings per share of $1.54. Core net new assets grew 47% year-over-year to $62.7 billion in June, while total client assets reached $13.08 trillion. The company repurchased 11.2 million shares of common stock for $1.0 billion during the quarter. The Charles Schwab Corporation is a financial services provider offering wealth management, securities brokerage, and banking services.