Charles Schwab Q1 2024 Earnings: A Closer Look at Key Financial Metrics
Monday, 15 April 2024, 12:55
Charles Schwab Q1 2024 Earnings Highlights
The Charles Schwab Corporation (NYSE: SCHW) recently reported its financial results for the first quarter of 2024. The company experienced a 7% decrease in net revenues to $4.74 billion, affecting its bottom line.
Financial Performance
- Net income available to common shareholders was $1.25 billion, down from $1.53 billion in the previous year.
- Adjusted EPS dropped by 20% to $0.74.
- Cash and cash equivalents stood at $31.8 billion at the end of the quarter.
Prior performance details are also covered in the post.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.