trending Market Intelligence /marketintelligence/en/news-insights/trending/xiwS4T4PsWiaHi7IwA6MUA2 content esgSubNav
In This List

Charles Schwab's Q2 revenues grow 17% YOY

Blog

Banking Essentials Newsletter: 23rd August edition

Blog

Banking Essentials Newsletter: 9th August Edition

Blog

Navigating Industry Level Credit and Market Risks in the Light of Slow Growth and Interest Rate Hikes

Blog

Kensho Launches Word Error Rate Calculator


Charles Schwab's Q2 revenues grow 17% YOY

reportedsecond-quarter net income available to common stockholders of $406 million, or30 cents per share, up from $330 million, or 25 cents per share, in theyear-ago period.

The S&P Capital IQ consensusnormalized EPS estimate for the quarter was 30 cents.

Net revenues totaled $1.83billion, up 17% from $1.57 billion in the year-ago period.

Assetmanagement and administration fees grew 13% year over year to $757 million from$670 million. Net interest revenue climbed 30% year over year to $798 millionfrom $612 million, while trading revenue decreased 1% year over year to $201million from $203 million in the prior-year quarter.

Totalclient assets at the end of the second quarter were $2.622 trillion, comparedto $2.557 trillion at the end of the previous quarter and $2.543 trillion atthe end of the second quarter of 2015.

The company reported daily averagerevenue trades of 279,000 in the second quarter, compared to 328,000 in thefirst quarter and 267,000 in the prior-year period.