Charles Schwab (SCHW) Tops Q2 EPS by 2c
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Schwab Reports Record Quarterly Net Income of $866 Million, Up 51%
July 17, 2018 8:45 AM EDTRevenues Grow 17% Year-Over-Year to $2.5 Billion, Marking Twelve Consecutive Record Quarters
Core Net New Assets Rise 16% to $53.4 Billion, a Second Quarter Record
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the second quarter of 2018 was a record $866 million, up 11% from $783 million for the prior quarter, and up 51% from $575 million for the second quarter of 2017. Net income for the six months ended June 30, 2018 was $1.6 billion, up 45% from the year-earlier period.
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