4Sem.ยท

$SCHW (+0,7ย %) | Charles Schwab Q3'24 Earnings Highlights:


๐Ÿ”น Adjusted EPS: $0.77 (Est. $0.75) ๐ŸŸข

๐Ÿ”น Net Revenue: $4.85B (Est. $4.78B) ๐ŸŸข; UP +5% YoY

๐Ÿ”น Net Interest Revenue: $2.22B (Est. $2.2B) ๐ŸŸข


Client Metrics:

๐Ÿ”น Total Client Assets: $9.92T (Est. $9.75T) ๐ŸŸข; UP +27% YoY

๐Ÿ”น Total Net New Assets: $90.8B

๐Ÿ”น New Brokerage Accounts: 972,000 (Est. 1.02M) ๐Ÿ˜•

๐Ÿ”น Total Active Brokerage Accounts: 35.98M (Est. 35.88M) ๐ŸŸข

๐Ÿ”น Daily Average Trades: 5.70M (Est. 5.71M) ๐Ÿ˜•

๐Ÿ”น Revenue Per Trade: $2.20 (Est. $2.24) ๐Ÿ˜•


Operational Metrics:

๐Ÿ”น Asset Management and Administration Fees: $1.48B (Est. $1.44B) ๐ŸŸข

๐Ÿ”น Trading Revenue: $797M (Est. $814.9M) ๐Ÿ”ด

๐Ÿ”น Bank Deposit Account Fees: $152M (Est. $144.2M) ๐ŸŸข


Balance Sheet Metrics:

๐Ÿ”น Bank Deposits: $246.5B (Est. $244.88B) ๐ŸŸข


CEO Walt Bettinger's Commentary:

๐Ÿ”ธ "Our momentum with clients continues to build following the successful completion of the Ameritrade conversion earlier this year. Third quarter net asset gathering of over $95 billion pushed year-to-date core net new assets to $252 billion โ€“ up 10% versus 2023 year-to-date."


๐Ÿ”ธ "Record year-to-date flows into Schwab Wealth Advisoryโ„ข helped Managed Investing net flows reach $40 billion โ€“ an increase of 65% versus 2023 year-to-date. Converted Retail Ameritrade client interest in wealth solutions remains robust, accounting for approximately 35% of these flows."

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