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Schwab (SCHW) Lags on Q2 Earnings as Revenues Fall, Costs Rise
Charles Schwab’s SCHW second-quarter 2020 adjusted earnings of 54 cents per share lagged the Zacks Consensus Estimate of 55 cents. Also, the bottom line decreased 19% from the prior-year quarter.
Results for the reported quarter excluded acquisition and integration-related costs as well as the amortization of acquired intangibles.
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Revenues Decline, Expenses Rise
Net revenues were $2.45 billion, down 8.6% year over year. The fall was due to a decline in trading revenues (down 6.8%), net interest revenues (down 13.7%) and other revenues (down 15.2%), partially offset by a 1.9% rise in asset management and administration fees. The reported figure lagged the Zacks Consensus Estimate of $2.49 billion.
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https://finance.yahoo.com/news/schwab-sc...01893.html
![[Bild: SCHWc1dl0620.png]](https://finviz.com/publish/071720/SCHWc1dl0620.png)
Charles Schwab’s SCHW second-quarter 2020 adjusted earnings of 54 cents per share lagged the Zacks Consensus Estimate of 55 cents. Also, the bottom line decreased 19% from the prior-year quarter.
Results for the reported quarter excluded acquisition and integration-related costs as well as the amortization of acquired intangibles.
...
Revenues Decline, Expenses Rise
Net revenues were $2.45 billion, down 8.6% year over year. The fall was due to a decline in trading revenues (down 6.8%), net interest revenues (down 13.7%) and other revenues (down 15.2%), partially offset by a 1.9% rise in asset management and administration fees. The reported figure lagged the Zacks Consensus Estimate of $2.49 billion.
...
https://finance.yahoo.com/news/schwab-sc...01893.html
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