Schwab Reports Second Quarter Results
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Charles Schwab (SCHW) Tops Q2 EPS by 1c
July 16, 2015 8:46 AM EDTCharles Schwab (NYSE: SCHW) reported Q2 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.54 billion.
Business highlights for the second quarter (data as of quarter-end unless otherwise noted):
Investor Services
New retail brokerage accounts for the quarter totaled approximately 176,000, up 19% year-over-year; total accounts were 6.7 million as of June 30, 2015, up 2% year-over-year.Held financial planning conversations with approximately 29,000 clients. Approximately 54,000 planning... More