The company said net revenues for the Q2 (3 months) totaled $5,851 million, up 25% year-over-year, and GAAP net income was $2,126 million with diluted earnings per share of $1.08.

1. 01

   The company said net revenues for the Q2 (3 months) totaled $5,851 million, up 25% year-over-year, and GAAP net income was $2,126 million with diluted earnings per share of $1.08.

2. 02

   Excluding $128 million of pre-tax transaction-related costs, the company said adjusted net income was $2.2 billion and adjusted earnings per share was $1.14. The adjusted pre-tax profit margin was 50.1% and the GAAP pre-tax profit margin was 47.9%.

3. 03

   The company said core net new assets for the Q2 totaled $80.3 billion, up 31% year-over-year, and total client assets at quarter-end reached $10.76 trillion, up 14% year-over-year.

4. 04

   The company said it reduced Bank Supplemental Funding by $10.4 billion during the Q2, bringing the quarter-end balance to $27.7 billion. In the same quarter, it redeemed $2.5 billion of Series G Preferred Stock and repurchased 3.9 million shares of common stock for $351 million.

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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