Boston, MA 05/19/2014 (wallstreetpr) – Recently, Charles Schwab Corp (NYSE:SCHW) has reported the financial results for the Q1 of FY2014. The results reveal that the company has performed very well in this quarter.
Company reports Q1 results
The Chief Executive Officer of Charles Schwab Corp (NYSE:SCHW), Walt Bettinger, has reportedly said that the company has continued to satisfy its investors in terms of the company’s full-service investment strategies. The company reported that the net revenue for the company totaled up to $1,478 million, which has shown a 15% increase as compared to the last year’s reported revenue of $1,290 million.
The Charles Schwab Corporation has also reported the net assets of the company to amount to the total sum of $34.2 billion. The net income of the company was reported to amount to $326 million, which amount has increased by a tremendous 58% on a year-over-year basis. The net income reported in the Q1 of last year was $206 million.
Charles Schwab Corp (NYSE:SCHW) has reported the diluted earnings per shares to increase by a huge 60% from $0.15 in the Q1 of 2013 to $0.24 in the Q1 of 2014. The pre-tax profit margin of the company was reported to be 35.3% in this quarter, which has also witnessed an increase from last year 25.7%.
The Charles Schwab Corporation has also reported that the clients of the company allow the trading for $2.31 trillion in a day all across the globe. The total number of trades in a day amount to 550k. The company reported that by the end of the Q1 of 2014 it has reported that its services have been availed by more than 9 million active brokerage accounts.
The Chief Financial Officer of the company, Joe Martinetto, has also provided commentary and his insights on the performance of Charles Schwab Corp (NYSE:SCHW) in this quarter, which have been made available on the company’s official website under the section called Investor Relations.
