Charles Schwab Q2 Earnings: EPS Beats, Mixed Results on Key Metrics
Charles Schwab Q2 Earnings Highlights:
– Adjusted EPS: $0.73 (Estimate: $0.72)
– Revenue: $4.69B (Estimate: $4.70B)
Key Q2 Metrics:
– Total client assets: $9.4 trillion, up 17% YoY
– Total net new assets: $74.2B (Estimate: $75.91B)
– New Brokerage Accounts: 985,000 (Estimate: 1.04M)
– Active Brokerage Accounts: 35.61M (Estimate: 35.59M)
– Core net new assets rose 17% to $61.2B
– Net Income: $1.3B
– Dividend up 5c to $1.60/share
– 9.4% Tier 1 Leverage Ratio; 5.9% Adjusted Tier 1 Leverage Ratio
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