Charles Schwab reports marginal Q2 earnings beat, in-line revenue; stock down
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Schwab Reports Second Quarter Results
July 16, 2024 7:30 AM EDT
Total Client Assets Reached A Record $9.4 Trillion, Up 17% Year-Over-Year
Core Net New Assets Rose 17% to $61.2 Billion, Highlighting Continued Momentum
WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation reported net income for the second quarter totaling $1.3 billion, or $.66 diluted earnings per common share. Excluding $175 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.73, respectively.
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