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Charles Schwab Q2 Profit Down, Yet Tops Consensus - Quick Facts

(RTTNews) - Charles Schwab Corp. (SCHW) reported Q2 GAAP net income of $671 million or $0.48 per share compared to $937 million or $0.66 per share last year.

Adjusted net income declined to $742 million or $0.54 per share from $945 million or $0.67 per share reported a year ago.

Net revenues amounted to $2.45 billion, a decline of 9% from the previous year's revenue of $2.68 billion.

Analysts polled by Thomson Reuters expected earnings of $0.52 per share on revenue of $2.47 billion for the quarter. Analysts' estimate typically exclude certain special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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