SCHW - What's Going On With Charles Schwab Shares Today? | Benzinga
Charles Schwab Corporation (NYSE:SCHW) reported a first-quarter 2024 adjusted net income decline of 17% Y/Y to $1.469 billion.
Adjusted EPS fell 20% Y/Y to $0.74, which came in line with the consensus.
Revenue fell 7% to $4.74 billion, marginally beating the consensus of $4.71 billion. Asset management and administration fees rose 21% Y/Y to $1.3 billion.
The bank had $269.5 billion in deposits at the end of the first quarter of 2024, down 17% Y/Y.
Net interest revenue declined 19% Y/Y to $2.23 billion in the first quarter. Clients’ daily average trades fell to 5.958 ...