- Q3 net income of $618M or $0.42 per share vs. $503M and $0.35 a year ago. Revenue of $2.165B vs. $1.914B. Pretax profit margin of 43.6% up 210 basis points. ROE of 15% up 100 basis points.
- Net interest revenue of $1.082B up from $845M a year ago (up 28%). Net interest revenue of the nine months ended Sept. 30 of $3.135B vs. $2.415B for the same period in 2016. Net interest margin in Q3 of 200 basis points was the highest since Q2 of 2010.
- Q3 core net new assets of $51.6B up 72% Y/Y. Total client assets of $3.18T up 17% Y/Y; assets receiving ongoing advisory services of $1.61T up 18%.
- Previously: Charles Schwab beats by $0.01, misses on revenue (Oct. 16)
- SCHW -0.9% premarket
- Now read: Charles Schwab Earnings Preview: Cheap On GARP Basis, But Not Without Worries
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Higher rates a boon to Schwab results; shares down 0.9% premarket
Published 10/16/2017, 09:06 AM
Higher rates a boon to Schwab results; shares down 0.9% premarket
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