Charles Schwab (SCHW) Tops Q3 EPS by 1c
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Schwab Reports Record Quarterly Net Income of $618 Million, Up 23%
October 16, 2017 8:45 AM EDTRevenues Grow 13% Year-Over-Year to a Record $2.2 Billion
Core Net New Assets Rise 72% to a Record $51.6 Billion
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the third quarter of 2017 was a record $618 million, up 7% from $575 million for the prior quarter, and up 23% from $503 million for the third quarter of 2016. Net income for the nine months ended September 30, 2017 was $1.8 billion, up 29% from the year-earlier period.
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