Back to today’s briefing

Story perspectives

Charles Schwab Surpasses Earnings Expectations, Shares Soar 7%

1/21/2025

50 3

Summary

Story summary

Charles Schwab's Q4 2024 earnings reached $1.8 billion, or $0.94 per share, surpassing expectations.
Adjusted EPS rose 49% year-over-year to $1.01.
Revenue climbed 20% to $5.3 billion, fueled by robust client engagement and asset growth.
The firm gained $115 billion in core net new assets, totaling $367 billion for the year.
Shares jumped 7% to $81.77 post-announcement.

History

Historical Context

Charles Schwab's impressive Q4 2024 earnings reflect a resilient financial sector shaped by decades of deregulation. Following the 2008 financial crisis, which prompted strict reforms, firms like Schwab adapted, capitalizing on technology and client engagement to thrive in today's competitive landscape, reminiscent of post-crisis recoveries in history.

1 of 2

Story summary

Charles Schwab's Q4 2024 earnings reached $1.8 billion, or $0.94 per share, surpassing expectations.
Adjusted EPS rose 49% year-over-year to $1.01.
Revenue climbed 20% to $5.3 billion, fueled by robust client engagement and asset growth.
The firm gained $115 billion in core net new assets, totaling $367 billion for the year.
Shares jumped 7% to $81.77 post-announcement.

1 / 2