Charles Schwab Earnings Grow 68 Percent - - Tulsa, OK - News, Weather, Video and Sports - |

Charles Schwab Earnings Grow 68 Percent

SAN FRANCISCO (AP) _ Discount broker Charles Schwab Corp. said Monday its first-quarter earnings grew 68 percent as revenue increased to its highest point in five years.

Earnings grew to $243 million, or 19 cents per share, for the three months ended March 31 from $145 million, or 11 cents per share, a year earlier. Revenue increased 21 percent to $1.28 billion from $1.06 billion.

Chief Financial Officer Chris Dodds said improved client asset flows, higher equity valuations and increased trading activity all contributed the company's strong revenue.

Analysts expected a profit of 19 cents per share on revenue of $1.28 billion, according to Thomson Financial.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.