Schwab's Earnings Growth Shouldn't Be Derailed by a Market Correction
Wide-moat-rated Charles Schwab reported record net income for the first quarter, and its earnings should prove resilient even in a market correction. Operating income grew 19% from the previous year to $1.4 billion, and diluted earnings per share grew 41% to $0.55. The high EPS growth can be attributed to two factors: operating leverage and tax reform. Of the $317 million increase in net revenue, $174 million, on an adjusted basis excluding margin loan losses, fell to the operating income line. ...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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