Charles Schwab (SCHW) Misses Q4 EPS by 2c
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Schwab Reports 4Q Earnings Per Share of $.62 and a Record $2.67 For 2019
January 16, 2020 8:45 AM ESTFull Year Revenues and Net Income Grow 6% to $10.7 Billion and $3.7 Billion, Respectively, Both Records
Core Net New Assets Total $211.7 Billion, Representing a 7% Organic Growth Rate
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2019 was $852 million, down 9% from $935 million for the fourth quarter of 2018. Net income for the twelve months ended December 31, 2019 was a record $3.7 billion, up 6% year-over-year. The companys financial results for the fourth quarter and full-year 2019 include acquisition-related expenses and severance charges described below.
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