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Charles Schwab Fourth-Quarter Earnings Beats Forecasts; Shares Rise
Shares gain more than 3% on higher interest margins, gains in trading activity.
Bank and brokerage firm Charles Schwab Corp. (SCHW - Get Report) on Wednesday reported fourth-quarter earnings that surpassed analysts' expectations, thanks to higher interest margins and gains in trading activity.
Net income for the fourth quarter of 2018 was $935 million, or 65 cents a share, up from $597 million, or 41 cents, in the fourth quarter of 2017. Revenue rose to $2.67 billion from $2.24 billion in the year-earlier quarter.
Analysts polled by Zacks Investment Research had expected per-share earnings of 64 cents on revenue of $2.63 billion.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: SCHWc1dl1716.png]](https://finviz.com/publish/011619/SCHWc1dl1716.png)
Shares gain more than 3% on higher interest margins, gains in trading activity.
Bank and brokerage firm Charles Schwab Corp. (SCHW - Get Report) on Wednesday reported fourth-quarter earnings that surpassed analysts' expectations, thanks to higher interest margins and gains in trading activity.
Net income for the fourth quarter of 2018 was $935 million, or 65 cents a share, up from $597 million, or 41 cents, in the fourth quarter of 2017. Revenue rose to $2.67 billion from $2.24 billion in the year-earlier quarter.
Analysts polled by Zacks Investment Research had expected per-share earnings of 64 cents on revenue of $2.63 billion.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
