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Schwab (SCHW) Q4 Earnings Miss Estimates as Revenues Fall
Charles Schwab’s SCHW fourth-quarter 2019 adjusted earnings of 63 cents per share lagged the Zacks Consensus Estimate by a penny. Also, the bottom line decreased 3% from the prior-year quarter. Results for the reported quarter excluded $25 million (1 cent per share) expenses relating to two pending acquisitions.
Lower revenues and a slight rise in operating expenses hurt the results. However, rise in client assets and net new assets along with higher new brokerage accounts number acted as tailwinds.
Net income available to common shareholders was $801 million, down 9% year over year.
For 2019, adjusted earnings of $2.72 per share improved 11% year over year and beat the consensus estimate of $2.70. Net income available to common shareholders was $3.53 billion, up 6% from 2018 level.
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https://finance.yahoo.com/news/schwab-sc...04622.html
![[Bild: SCHWc1dl1631.png]](https://finviz.com/publish/011720/SCHWc1dl1631.png)
Charles Schwab’s SCHW fourth-quarter 2019 adjusted earnings of 63 cents per share lagged the Zacks Consensus Estimate by a penny. Also, the bottom line decreased 3% from the prior-year quarter. Results for the reported quarter excluded $25 million (1 cent per share) expenses relating to two pending acquisitions.
Lower revenues and a slight rise in operating expenses hurt the results. However, rise in client assets and net new assets along with higher new brokerage accounts number acted as tailwinds.
Net income available to common shareholders was $801 million, down 9% year over year.
For 2019, adjusted earnings of $2.72 per share improved 11% year over year and beat the consensus estimate of $2.70. Net income available to common shareholders was $3.53 billion, up 6% from 2018 level.
...
https://finance.yahoo.com/news/schwab-sc...04622.html
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