SCHW - Charles Schwab's Q4 Results: Earnings Fall But Asset Growth Remains Strong | Benzinga
Shares of Charles Schwab Corporation (NYSE:SCHW) traded lower after the brokerage giant reported fourth-quarter 2023 earnings.
The firm’s fourth-quarter adjusted net income fell 36% from a year earlier to $1.367 billion.
Adjusted EPS fell from $1.07 to $0.68, beating the consensus of $0.64, according to data from Benzinga Pro.
Revenue fell 19% to $4.46 billion, marginally missing the consensus of $4.48 billion.
The bank had $290 billion in deposits at the end of the fourth ...