SCHW - Schwab's Asset Management Fees Soar But Interest Income Decline Weighs on Q2: Details | Benzinga
The Charles Schwab Corporation (NYSE:SCHW) shares are trading lower after the company reported second-quarter 2024 results. Adjusted net income declined 2% Y/Y to $1.465 billion.
Adjusted EPS fell 3% Y/Y to $0.73, beating the consensus of $0.72.
Revenue rose 1% to $4.69 billion, beating the consensus of $4.68 billion. Asset management and administration fees rose 18% Y/Y to $1.38 billion.
The bank had $252.4 billion in deposits at the end of the ...