Charles Schwab gave its spring business update on Monday, showcasing financial strategies used to beat Wall Street’s predictions for first quarter earnings.
Charles Schwab & Co. chief investment strategist Liz Ann Sonders provides insight on the banking failures and credit tightening on 'Making Money.'
Schwab said its priorities for the rest of the year will include continued business growth through their client-first strategy, long-term revenue growth through a variety of sources, and thoughtful expense management to enable sustainable performance.net income of $1.60 billion, or 83 cents a share, up 14% from $1.40 billion, or 67 cents a share from last year. Excluding nonrecurring items, adjusted earnings per share of 93 cents topped the FactSet consensus of 90 cents, while revenue jumped 9.
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