Schwab's Asset Management Fees Soar, But Interest Income Decline Weighs on Q2: Details
Schwab's Asset Management Fees Soar, But Interest Income Decline Weighs on Q2: Details
The Charles Schwab Corporation (NYSE:SCHW) shares are trading lower after the company reported second-quarter 2024 results. Adjusted net income declined 2% Y/Y to $1.465 billion.
嘉信理財公司（紐交所：SCHW）報告2024年第二季度業績後股價下跌。調整後的淨利潤同比下降2% 至14.65億元人民幣。
Adjusted EPS fell 3% Y/Y to $0.73, beating the consensus of $0.72.
調整後的每股收益同比下降3% 至0.73美元，超出預期0.72美元。
Revenue rose 1% to $4.69 billion, beating the consensus of $4.68 billion. Asset management and administration fees rose 18% Y/Y to $1.38 billion.
營業收入同比增長1% 至46.9億元，超出預期46.8億元。資產管理和行政費用同比增長18% 至13.8億元。
The bank had $252.4 billion in deposits at the end of the second quarter of 2024, down 17% Y/Y.
該銀行2024年第二季度末存款爲2524億美元，同比下降17%。
Net interest revenue declined 6% Y/Y to $2.158 billion in the second quarter. Clients' daily average trades totaled 5.486 million, up 4% Y/Y.
在第二季度中，淨利息收入同比下降6% 至21.58億元。客戶日均交易量總計548.6萬筆，同比增長4%。
In the second quarter of FY24, core net new assets grew 17% Y/Y to $61.2 billion, pushing the total client assets to $9.41 trillion at quarter-end.
2024財年第二季度，核心淨新增資產同比增長17% 至612億元，將總客戶資產推動至9.41萬億元。
The company's new brokerage accounts increased 4% Y/Y to 35.6 million.
該公司新增的經紀帳戶同比增長4% 至3560萬個。
Walt Bettinger, Co-Chairman and CEO, said, "Client interest in our broad array of wealth solutions remained strong through June. Year-to-date enrollments are up ~30% versus the prior year period and net flows into Managed Investing solutions reached $25 billion – an increase of 56% versus the first 6 months of 2023."
共同主席兼首席執行官沃爾特·貝汀格表示：“客戶對我們廣泛的財富解決方案的興趣在6月份仍然很強。自去年同期以來，今年迄今爲止的註冊增長約爲30%，納入托管投資解決方案的淨流入達到250億元 - 比2023年前6個月增長了56%。”
Investors can gain exposure to the stock via IShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Tidal ETF Trust God Bless America ETF (NYSE:YALL).
投資者可以通過美國銀行經紀人和證券交易所ETF（NYSE：IAI）和Tidal ETF Trust God Bless America ETF（NYSE：YALL）獲得股票投資機會。
Also Read: Bank of America, Schwab, Morgan Stanley: What To Expect From Tuesday's Earnings
還閱讀了：美國銀行，施瓦布，摩根士丹利：關於週二的收益預期
Price Action: SCHW shares are down 7.77% at $69.23 premarket at the last check Tuesday.
上次查看時，週二的SCHW股價爲69.23美元，盤前下跌7.77%。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。