Charles Schwab (SCHW) Reports In-Line Q2 EPS
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Schwab Reports Record Quarterly Net Income of $452 Million, Up 28%
July 18, 2016 8:45 AM EDTRevenues Grow 17% Year-Over-Year to a Record $1.8 Billion
Total Client Assets Reach a Record $2.62 Trillion
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the second quarter of 2016 was $452 million, up 10% from $412 million for the first quarter of 2016, and up 28% from $353 million for the second quarter of 2015. Net income for the six months ended June 30, 2016 was $864 million, up 32% from the year-earlier period. The companys financial results for the second quarter and first six months of both 2016 and 2015 include certain non-recurring items; a description of these items is... More
