fintech / news / / Benzinga
The company posted adjusted earnings of $1.43 per share, up 38% from a year earlier.
Charles Schwab's adjusted EPS rose 38% to $1.43, beating analyst estimates this quarter.
KEY POINTS
- Trading revenue grew 20% to $1.09 billion, driven by a 34% increase in daily trading volume.
- Managed Investing net flows increased 46% year over year, as bank loans rose 29% to $60.9 billion.
- Total client assets hit a record $11.8 trillion, with a first-quarter record $140 billion in net new assets.
- Schwab repurchased 24.3 million shares for $2.4 billion during the quarter.
COMPANIES
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