Edition:
India

Schwab Reports Record Quarterly Net Income Of $964 Mln, Up 23%


Monday, 15 Apr 2019 

April 15 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS RECORD QUARTERLY NET INCOME OF $964 MILLION, UP 23%.QUARTERLY REVENUE ROSE 14 PERCENT TO $2.7 BILLION.QTRLY EARNINGS PER SHARE $0.69.OUR PRELIMINARY TIER 1 LEVERAGE RATIO ENDED QUARTER AT 7.2%, MODESTLY ABOVE OUR OPERATING OBJECTIVE OF 6.75%-7%.ACHIEVED A 20% RETURN ON EQUITY FOR THIRD CONSECUTIVE QUARTER.CORE NET NEW ASSETS TOTAL $51.7 BILLION AND TOTAL CLIENT ASSETS REACH A $3.59 TRILLION AT QUARTER-END.Q1 EARNINGS PER SHARE VIEW $0.66, REVENUE VIEW $2.68 BILLION -- REFINITIV IBES DATA.NEW BROKERAGE ACCOUNTS TOTALED 386,000 DURING QUARTER.CHARLES SCHWAB QTRLY TRADING REVENUE DECLINED BY 8% TO $185 MILLION.