Brokerage and investment manager Charles Schwab Corp. (SCHW) reported higher first-quarter net income available to common stockholders of $198 million, versus $195 million a year ago, with earnings per share remaining flat at $0.15 per share. Also, quarterly net income grew 6% to $206 million, from the prior-year quarter's $195 million.
On average, 23 analysts polled by Thomson Reuters expected earnings per share of $0.16 for the quarter. Analysts' estimates typically exclude one-time items.
Total net revenues were $1.29 billion in the first quarter, up 8% from $1.19 billion last year, while it beat consensus estimate of $1.27 billion.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.