Charles Schwab (SCHW) Tops Q4 EPS by 3c
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Schwab Fourth Quarter Net Income of $597 Million Caps Record Year
January 17, 2018 8:45 AM EST2017 Revenues Rise 15% to $8.6Â Billion, Net Income Grows 25% to $2.4Â Billion, Both Records
Core Net New Assets Rise 58% to a Record $198.6Â Billion for the Year
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2017 was $597 million, up 14% from $522 million for the fourth quarter of 2016. Net income for the twelve months ended December 31, 2017 was nearly $2.4 billion, up 25% year-over-year. The companys financial results for the fourth quarter and full-year 2017 were impacted by the tax reform legislation signed in December a one-time tax expense of approximately $46 million decreased... More
