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Jun 30, 2024
Charles Schwab Q2 2024 Earnings Report
Net income reported for the second quarter with core net new assets rising, and total client assets reaching a record.
Key Takeaways
The Charles Schwab Corporation reported a net income of $1.3 billion for the second quarter of 2024, with diluted earnings per share of $0.66. Adjusted net income was $1.5 billion, or $0.73 per share. Total client assets reached a record $9.4 trillion, and core net new assets grew by 17% year-over-year to $61.2 billion.
Total client assets reached a record $9.41 trillion, up 17% year-over-year.
Core net new assets rose 17% year-over-year to $61.2 billion.
Active brokerage accounts increased 4% year-over-year to 35.6 million.
Client assets receiving ongoing advisory services are up 16% year-over-year.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements relating to the company’s value proposition and success with investors, Ameritrade integration-related attrition, expense management and capital levels.
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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