The company said its net income for Q3 2024 totaled $1.4 billion, with diluted earnings per share of $.71. Excluding $153 million in pre-tax transaction-related costs, adjusted net income was $1.5 billion, and adjusted diluted earnings per share were $.77.

1. 01

   The company said its net income for Q3 2024 totaled $1.4 billion, with diluted earnings per share of $.71. Excluding $153 million in pre-tax transaction-related costs, adjusted net income was $1.5 billion, and adjusted diluted earnings per share were $.77.

2. 02

   Schwab said net revenues for Q3 were $4,847 million, up 5% from $4,606 million a year earlier and up 3% from the prior quarter. Asset management and administration fees reached a quarterly record of $1.5 billion.

3. 03

   The company said total client assets were a record $9.92 trillion as of September 2024, up 27% from a year earlier. Core net new assets for Q3 were $95.3 billion, and year-to-date core net new assets were $252.1 billion.

4. 04

   The company said client transactional sweep cash grew $9.2 billion from the prior quarter during Q3, reaching $384.0 billion at the end of September. Bank Supplemental Funding fell $8.9 billion to $64.8 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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