Schwab Q3: ~$2.07B of new client assets a day on a $13.33T book
Charles Schwab reported third-quarter results this morning: adjusted EPS of $1.69 (a few cents above estimates), record $7.2B revenue and $190.4B of core net new assets.
Spread over the quarter that's about $2.07B of new client money every single day and a 5.8% annualized organic growth rate on $13.33T of client assets. The asset-gathering machine is running hot.
https://www.stocktitan.net/news/SCHW/schwab-delivers-record-net-new-assets-l7z2flgtv78k.html
Sources: Securities.io: Schwab Posts Record Q3 EPS as Net New Assets Reach $190.4 Billion · @wallstengine: SCHW Q3 rev $7.17B vs $7.19B est, adj EPS $1.69 vs $1.66, core NNA $190.4B +38% YoY · @financialjuice: SCHW adj EPS $1.69 vs $1.65 est, rev $7.17B, total NNA $192.4B vs $175.06B est, core NNA $190.4B · @FirstSquawk: SCHW Q3 net rev $7.17B, NIR $3.48B, total NNA $192.4B, client assets $13.33T, DAT 10.69M
Not financial advice. For informational and educational purposes only.
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