Charles Schwab (SCHW) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $1.909 billion, or $0.99 per share. This compares with $1.362 billion, or $0.68 per share, last year.
Excluding items, Charles Schwab reported adjusted earnings of $2.008 billion or $1.04 per share for the period.
Analysts on average had expected the company to earn $1.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 18.1% to $5.599 billion from $4.740 billion last year.
Charles Schwab earnings at a glance (GAAP) :
-Earnings: $1.909 Bln. vs. $1.362 Bln. last year.-EPS: $0.99 vs. $0.68 last year.-Revenue: $5.599 Bln vs. $4.740 Bln last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.