Charles Schwab (SCHW) Misses Q1 EPS by 7c
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Schwab Reports First Quarter Results
April 18, 2022 8:45 AM EDTCore Net New Assets Total $120.5 Billion
Total Client Assets Finish at $7.86 Trillion, up 11% Year-over-Year
WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the first quarter of 2022 was $1.4 billion compared with $1.6 billion for the fourth quarter of 2021, and $1.5 billion for the first quarter of 2021. During the quarter, certain acquisition and integration-related costs and the amortization of acquired intangibles totaled $96 million and $154 million, respectively, on a pre-tax basis.
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