Charles Schwab (SCHW) Tops Q3 EPS by 2c

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Go back to Charles Schwab (SCHW) Tops Q3 EPS by 2c

Schwab Reports Record Quarterly Net Income of $503 Million, Up 34%

October 17, 2016 8:45 AM EDT

Net Revenues Rise 20% to $1.9 Billion, Highest in Company History

Total Client Assets Reach Record $2.73 Trillion, Up 13% From Prior Year

SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the third quarter of 2016 was $503 million, up 11% from $452 million for the prior quarter, and up 34% from $376 million for the third quarter of 2015. Net income for the nine months ended September 30, 2016 was $1.37 billion, up 33% from the year-earlier period. The companys financial results for the third quarter and first nine months of both 2016 and 2015 include certain non-recurring items; a description... More