NYSE$SCHW
Charles Schwab Corp · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Charles Schwab's Q4 2019 earnings decreased compared to Q4 2018, but full-year revenues and net income increased.
Charles Schwab reported a decrease in net income for Q4 2019 to $852 million, a 9% decrease compared to Q4 2018. However, full-year revenues and net income reached record levels, growing 6% to $10.7 billion and $3.7 billion, respectively. The company saw record fourth-quarter core net new assets of $66.2 billion and total client assets surpassing $4 trillion.
- Q4 net income was $852 million, down 9% from Q4 2018.
- Full-year revenues reached a record $10.7 billion, up 6% year-over-year.
- Full-year net income also hit a record $3.7 billion, up 6% year-over-year.
- Core net new assets for the year totaled $211.7 billion, representing a 7% organic growth rate.
Headline financials
Revenue & EPS history
Charles Schwab · Revenue · Quarterly
$2.61B
Revenue by segment
Charles Schwab · $4.4B total across 4 segments · Q3 2023
- Net Interest Revenue$2.24B-23.5%50.8%
- Asset Mgmt/Admin Fees$1.22B+16.9%27.8%
- Trading Revenue$768M-17.4%17.5%
- Other Revenue$172M-6.5%3.9%
Forward guidance
This press release contains forward-looking statements relating to building value for stakeholders; the company’s (i) acquisition of certain assets of USAA’s Investment Management Company (IMCO) and entering into a referral agreement with USAA and (ii) acquisition and subsequent integration of TD Ameritrade, including the timing of closing those acquisitions; balancing long-term profitability with reinvesting for growth; balance sheet management; business growth; capital returns to stockholders; and Tier 1 Leverage Ratio operating objective.
Tailwinds
- building value for stakeholders
- acquisition of certain assets of USAA’s Investment Management Company (IMCO) and entering into a referral agreement with USAA
- acquisition and subsequent integration of TD Ameritrade, including the timing of closing those acquisitions
- balancing long-term profitability with reinvesting for growth
- business growth
Headwinds
- general market conditions, including the level of interest rates, equity valuations, and trading activity
- the company’s ability to attract and retain clients and registered investment advisors and grow those relationships and client assets
- competitive pressures on pricing, including deposit rates
- client sensitivity to rates
- the company’s ability to manage expenses
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+0.8%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.7%
Avg return
30 days after
63%
46 / 73 earnings
Positive
+12.6%
Q2 2023
Best reaction
-15.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | +2.5% | -0.1% | |
| Q4 2025 | +0.6% | -8.3% | -9.4% | |
| Q3 2025 | -1.0% | +0.8% | +0.1% | |
| Q2 2025 | +2.3% | +0.2% | -2.1% | |
| Q1 2025 | +0.6% | +1.2% | +17.2% | |
| Q4 2024 | +5.5% | +7.1% | +7.1% | |
| Q3 2024 | +6.3% | +5.2% | +18.2% | |
| Q2 2024 | -15.0% | -17.3% | -13.1% | |
| Q1 2024 | +4.3% | +4.8% | +12.4% | |
| Q4 2023 | -2.5% | -1.1% | +0.1% | |
| Q3 2023 | +4.6% | -0.9% | +9.3% | |
| Q2 2023 | +12.6% | +13.4% | +1.9% | |
| Q1 2023 | +6.4% | +6.0% | +2.1% | |
| Q4 2022 | -8.6% | -6.9% | -3.8% | |
| Q3 2022 | -0.5% | +1.9% | +12.2% | |
| Q2 2022 | +1.6% | +1.3% | +21.4% | |
| Q1 2022 | -7.1% | -15.0% | -23.5% | |
| Q4 2021 | -4.2% | -6.6% | -10.0% | |
| Q3 2021 | +3.1% | +4.5% | +5.1% | |
| Q2 2021 | -5.5% | -1.4% | +4.9% | |
| Q1 2021 | -4.0% | -5.6% | +8.6% | |
| Q4 2020 | -0.2% | -0.6% | +5.4% | |
| Q3 2020 | +5.8% | +5.4% | +23.9% | |
| Q2 2020 | -6.2% | -1.2% | -1.7% | |
| Q1 2020 | -4.4% | +1.0% | -10.1% | |
| Q4 2019 | +2.6% | +2.8% | +0.2% | |
| Q3 2019 | +3.4% | +5.9% | +15.0% | |
| Q2 2019 | +2.3% | +6.0% | -9.3% | |
| Q1 2019 | +0.7% | +0.4% | -5.8% | |
| Q4 2018 | +6.0% | +8.4% | +4.8% | |
| Q3 2018 | -1.6% | -4.4% | -4.4% | |
| Q2 2018 | +6.2% | +2.1% | +0.1% | |
| Q1 2018 | +5.0% | +7.7% | +15.4% | |
| Q4 2017 | -0.4% | -0.2% | -6.1% | |
| Q3 2017 | -3.0% | -0.1% | -0.4% | |
| Q2 2017 | -1.8% | -1.8% | -7.6% | |
| Q1 2017 | +0.4% | +0.5% | +0.5% | |
| Q4 2016 | +2.8% | +2.1% | +3.0% | |
| Q3 2016 | +0.8% | +0.9% | +14.8% | |
| Q2 2016 | +1.7% | +4.3% | +11.4% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q3 2015 | +3.2% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +6.1% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | +6.5% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | -1.9% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +2.9% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q3 2011 | +1.7% | — | — | |
| Q2 2011 | -12.5% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2007 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2010 | -3.5% | — | — | |
| Q2 2010 | -3.4% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q1 2009 | -0.5% | — | — | |
| Q3 2008 | +1.1% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q2 2008 | +9.8% | — | — | |
| Q4 2008 | +9.8% | — | — | |
| Q2 2009 | +9.8% | — | — |
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