SCHW - These Analysts Cut Their Forecasts On Charles Schwab After Q2 Results | Benzinga
The Charles Schwab Corporation (NYSE:SCHW) posted better-than-expected reported second-quarter results on Tuesday.
Adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. 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 company's new brokerage accounts increased 4% Y/Y to 35.6 million.
Walt Bettinger, Co-Chairman and CEO, said, "Client interest in ...