Charles Schwab (SCHW) Tops Q2 EPS by 6c

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Go back to Charles Schwab (SCHW) Tops Q2 EPS by 6c

Schwab’s Second Quarter Revenues Rise 13% to Surpass $5 Billion

July 18, 2022 8:45 AM EDT

Quarterly net income also reaches new highs of $1.8 billion GAAP, $2.0 billion adjusted (1)

Sustained client focus helps power continued strong business momentum

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the second quarter of 2022 was a record $1.8 billion compared with $1.4 billion for the first quarter of 2022, and $1.3 billion for the second quarter of 2021. Net income for the six months ended June 30, 2022 was $3.2 billion, compared with $2.7 billion for the year-earlier period. During the quarter, acquisition and integration-related costs and the amortization of acquired intangibles totaled $94 million and... More