Charles Schwab Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/17 10:00

Charles Schwab (NYSE:SCHW) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$4.85b (up 5.2% from 3Q 2023).
  • Net income: US$1.30b (up 28% from 3Q 2023).
  • Profit margin: 27% (up from 22% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
  • EPS: US$0.71 (up from US$0.56 in 3Q 2023).
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NYSE:SCHW Earnings and Revenue Growth October 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Charles Schwab Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 8.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Charles Schwab's balance sheet and an in-depth analysis of the company's financial position.