From Financial Modeling Prep: 2025-04-17 14:21:00

Charles Schwab (NYSE:SCHW) exceeded Q1 earnings and revenue expectations, with adjusted EPS of $1.04 and record revenue of $5.6 billion, up 18% YoY. Core net new assets jumped 44% to $137.7 billion, while total client assets reached $9.93 trillion, up 9% YoY. Net interest margin widened to 2.53% and daily average trades rose 17%.

Schwab saw a 2% stock increase after reporting strong Q1 results. The company reduced supplemental bank funding by $11.8 billion to $38.1 billion, increased its quarterly dividend by 8% to $0.27 per share, and executed $1.5 billion in stock buybacks. Daily average trades rose 17% quarter-over-quarter, reflecting increased market volatility.



Read more at Financial Modeling Prep:: Charles Schwab Shares Gain 2% on Q1 Beat