fintech / news / / Benzinga
Charles Schwab Corp. reported upbeat earnings for the first quarter on Thursday.
Charles Schwab reported adjusted Q1 earnings of $1.43 per share, up 38% year-over-year.
KEY POINTS
- Company revenue rose 16% to $6.48 billion, slightly exceeding Wall Street estimates.
- Managed Investing net flows increased 46% year-over-year, led by Schwab Wealth Advisory.
- Bank loan balances expanded 29% compared to Q1 2023, reaching $60.9 billion.
COMPANIES
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