Charles Schwab (SCHW) Tops Q3 EPS by 2c
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Schwab Reports Record Quarterly Net Income of $503 Million, Up 34%
October 17, 2016 8:45 AM EDTNet 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 $503Â million, up 11% from $452Â million for the prior quarter, and up 34% from $376Â million for the third quarter of 2015. Net income for the nine months ended September 30, 2016 was $1.37Â 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
