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Schwab (SCHW) Q3 Earnings Beat, Revenues Decline Y/Y
Zacks Equity Research
Thu, October 15, 2020, 3:46 PM GMT+2·3 mins read
Charles Schwab’s SCHW third-quarter 2020 adjusted earnings of 51 cents per share beat the Zacks Consensus Estimate of 47 cents. However, the bottom line decreased 27% from the prior-year quarter.
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Results excluded acquisition and integration-related costs as well as the amortization of acquired intangibles. After considering these, net income available to common shareholders (GAAP basis) was $615 million or 48 cents per share, down from $913 million or 70 cents per share recorded in the year-ago quarter.
Revenues Decline, Expenses Rise
Net revenues were $2.45 billion, down 10% year over year. The fall was due to a decline in trading revenues (down 12%) and net interest revenues (down 18%), partially offset by a 4% rise in asset management and administration fees and 31% growth in other revenues. The top line surpassed the Zacks Consensus Estimate of $2.42 billion.
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https://finance.yahoo.com/news/schwab-sc...01307.html
![[Bild: SCHWc1dl1603.png]](https://finviz.com/publish/101620/SCHWc1dl1603.png)
Zacks Equity Research
Thu, October 15, 2020, 3:46 PM GMT+2·3 mins read
Charles Schwab’s SCHW third-quarter 2020 adjusted earnings of 51 cents per share beat the Zacks Consensus Estimate of 47 cents. However, the bottom line decreased 27% from the prior-year quarter.
...
Results excluded acquisition and integration-related costs as well as the amortization of acquired intangibles. After considering these, net income available to common shareholders (GAAP basis) was $615 million or 48 cents per share, down from $913 million or 70 cents per share recorded in the year-ago quarter.
Revenues Decline, Expenses Rise
Net revenues were $2.45 billion, down 10% year over year. The fall was due to a decline in trading revenues (down 12%) and net interest revenues (down 18%), partially offset by a 4% rise in asset management and administration fees and 31% growth in other revenues. The top line surpassed the Zacks Consensus Estimate of $2.42 billion.
...
https://finance.yahoo.com/news/schwab-sc...01307.html
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