Charles Schwab Reports Fairly Strong 1Q Results, but Earnings Drivers Likely to Slow
Charles Schwab had fairly strong results in the first quarter of 2019, but earnings drivers are likely to slow. The company reported record quarterly net income to common shareholders of $925 million, or $0.69 per diluted share, on record net revenue of $2.72 billion. Most of the 14%, or $325 million, increase in net revenue from the previous year was from net interest income. Asset-management fees decreased 13%, or $96 million, from a lower fee rate on money market fund balances and lower balan...Charles Schwab is a savings and loan holding company. The company is engaged, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company provides financial services to individuals and institutional clients in two segments: Investor Services, which provides retail brokerage and banking services to individual investors and retirement plan services, as well as other corporate brokerage services, to businesses and their employees; and Advisor Services, which provides custodial, trading, banking and support services, as well as retirement business services to independent registered investment advisors and recordkeepers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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