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Sep 30, 2024
Charles Schwab Q3 2024 Earnings Report
Charles Schwab's Q3 2024 earnings reflected growth driven by client asset increases and effective balance sheet management.
Key Takeaways
Charles Schwab reported a net income of $1.4 billion, or $0.71 per diluted share, for the third quarter of 2024. Total client assets reached a record $9.92 trillion, and core net new assets totaled $95.3 billion. Quarterly net revenues grew by 5% year-over-year to $4.8 billion.
Total client assets increased 27% year-over-year to a record $9.92 trillion.
Core net new assets equaled $95.3 billion, with the year-to-date total exceeding $250 billion.
Quarterly net revenues grew 5% year-over-year to $4.8 billion.
Active brokerage accounts reached 36.0 million, up 4% versus September 2023.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements relating to asset gathering and the company’s momentum with clients; client interest in wealth solutions; the company’s diversified operating model; and capital ratios.
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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