Charles Schwab (SCHW) Misses Q1 EPS by 2c

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Go back to Charles Schwab (SCHW) Misses Q1 EPS by 2c

Schwab Reports First Quarter Results

April 15, 2015 8:45 AM EDT

Client Assets Total $2.52 Trillion, up $216 Billion Year-over-Year

SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the first quarter of 2015 was $302 million, down 14% from $350 million for the fourth quarter of 2014, and down 7% from $326 million for the first quarter of 2014. These results lag the outlook expressed in the companys press release dated March 13, 2015, primarily due to the earlier timing of certain compensation expenses.

      Three Months Ended --March 31,-- % Financial Highlights   2015   2014   Change Net revenues (in millions) $ 1,526 $ 1,478... More