Charles Schwab (SCHW) Tops Q2 EPS by 2c
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Schwab Reports Second Quarter Earnings Per Share of $.48, Including $.06 Per Share of Acquisition-related Expenses
July 16, 2020 8:45 AM EDTCore Net New Assets Rise 25% Year-Over-Year to $46.6 Billion
Client Assets Reach a Record $4.11 Trillion, up 11%
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the second quarter of 2020 was $671 million compared with $795 million for the first quarter of 2020, and $937 million for the second quarter of 2019. Net income for the six months ended June 30, 2020 was $1.5 billion, compared with $1.9 billion for the year-earlier period. The companys financial results for both the second quarter and first half of 2020 include certain acquisition and integration-related costs as well as the amortization of... More
