Charles Schwab's Streak of Sequential Net Revenue Growth Broken As Interest Rates Fall
Net interest income remains the key driver of wide-moat Charles Schwab's earnings, and the fall in market interest rates, as well as changes in client cash balances, caused net revenue to decline 2% to $2.68 billion during the second quarter, breaking what had been a streak of sequential net revenue increases for the company since the first quarter of 2015. In perspective, the $2.68 billion of net revenue reported for the second quarter was still a great number, as it was down just 2% from the f...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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