Charles Schwab (SCHW) Reports In-Line Q4 EPS
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Schwab Fourth Quarter Net Income of $522 Million Caps Record Year
January 18, 2017 8:45 AM EST2016 Revenues Rise 17% to $7.5Â Billion, Net Income Grows 31% to $1.9Â Billion, Both Records
Total Client Assets Rise 11% to a Record $2.78Â Trillion at Year-end
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2016 was a record $522 million, up 4% from $503 million for the prior quarter, and up 25% from $416 million for the fourth quarter of 2015. Net income for the twelve months ended December 31, 2016 was $1.9 billion, up 31% year-over-year.
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