Charles Schwab reports Q3 EPS 35c, consensus 33c
Reports Q3 revenue $1.91B, consensus $1.89B. CEO Walt Bettinger said, "We ended the quarter serving 10.0 million brokerage accounts and 1.1 million bank accounts, both records, as well as 1.6 million retirement plan participants, up 4%, 6% and 5%, respectively. Total client assets reached a record $2.73 trillion, up 13% year-over-year, as investors continued to engage with us for help and advice throughout the summer quarter. Our financial consultants held planning conversations with 34,000 clients, up 17%. Year-to-date, 101,000 clients have participated in such conversations with us, up 22% from the year-earlier period. Assets enrolled in some form of ongoing advisory service totaled $1.37 trillion at quarter-end, up 14% from a year ago."