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Mar 31, 2024
Charles Schwab Q1 2024 Earnings Report
Charles Schwab's financial performance for Q1 2024 reflected a mix of challenges and growth, influenced by market dynamics and client activity.
Key Takeaways
Charles Schwab reported Q1 2024 net revenues of $4.7 billion, a 6% increase quarter-over-quarter. Net income totaled $1.4 billion, with diluted earnings per share at $0.68. Core net new assets reached $96 billion, and total client assets hit a record $9.1 trillion, up 20% year-over-year.
Core net new assets totaled $96 billion in Q1 2024, including $45 billion in March.
Total client assets reached a record $9.1 trillion, a 20% increase year-over-year.
Net revenues for Q1 2024 were $4.7 billion, reflecting a 6% quarter-over-quarter increase.
The company opened over 1 million new brokerage accounts during the quarter.
Revenue by Segment
Forward Guidance
The press release contains forward-looking statements relating to the company’s momentum, operating model and expense management.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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