Market Updates
Charles Schwab Trading Revenues Fall 21%
Scott Peters
18 Apr, 2022
New York City
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The Charles Schwab Corporation said first quarter 2022 revenues declined 1% to $4.67 billion, net income fell 6% to $1.4 billion, and diluted earnings per share decreased 8% to 67 cents from 73 cents a year ago. Net interest income, about 50% of total revenues, increased 14% and brokerage trading revenues, about 30% of total, fell 21%. Bank deposit account fees dropped 16%.
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