Charles Schwab (SCHW) Reports In-Line Q2 EPS

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Go back to Charles Schwab (SCHW) Reports In-Line Q2 EPS

Schwab Reports Record Quarterly Net Income of $575 Million, up 27%

July 18, 2017 8:53 AM EDT

Revenues Grow 17% Year-Over-Year to a Record $2.1 Billion

Core Net New Assets Total $46.2 Billion and Total Client Assets Reach a Record $3.04 Trillion

SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the second quarter of 2017 was a record $575 million, up 2% from $564 million for the prior quarter, and up 27% from $452 million for the second quarter of 2016. Net income for the six months ended June 30, 2017 was $1.1 billion, up 32% from the year-earlier period.

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