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Schwab Charles Corp  (SCHW)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 

SCHW's Net Income Growth by Quarter and Year

Schwab Charles's Net Income results by quarter and year




SCHW Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,045.00 1,968.00 1,580.00 1,135.00
III Quarter September 1,125.00 2,020.00 1,526.00 698.00
II Quarter June 1,294.00 1,793.00 1,265.00 671.00
I Quarter March 1,603.00 1,402.00 1,484.00 795.00
FY   5,067.00 7,183.00 5,855.00 3,299.00



SCHW Net Income fourth quarter 2023 Y/Y Growth Comment
Schwab Charles Corp reported drop in Net Income in the fourth quarter 2023 by -46.9% to $ 1,045.00 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Schwab Charles Corp's Net Income compares unfavorably to the Company's average Net Income rise of 27.39%.

Looking into fourth quarter 2023 results within Investment Services industry 12 other companies have achieved higher Net Income growth. While Schwab Charles Corp' s Net Income meltdown of -46.9% ranks overall at the positon no. 517 in the fourth quarter 2023.




SCHW Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -46.9 % 24.56 % 39.21 % 33.22 %
III Quarter September -44.31 % 32.37 % 118.62 % -26.6 %
II Quarter June -27.83 % 41.74 % 88.52 % -28.39 %
I Quarter March 14.34 % -5.53 % 86.67 % -17.53 %
FY   -29.46 % 22.68 % 77.48 % -10.93 %

Financial Statements
Schwab Charles's fourth quarter 2023 Net Income $ 1,045.00 millions SCHW's Income Statement
Schwab Charles's fourth quarter 2022 Net Income $ 1,968.00 millions Quarterly SCHW's Income Statement
New: More SCHW's historic Net Income Growth >>


SCHW Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -7.11 % -2.57 % 3.54 % 62.61 %
III Quarter September -13.06 % 12.66 % 20.63 % 4.02 %
II Quarter June -19.28 % 27.89 % -14.76 % -15.6 %
I Quarter March -18.55 % -11.27 % 30.75 % -6.69 %
FY (Year on Year)   -29.46 % 22.68 % 77.48 % -10.93 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Investment Services Industry #13
Financial Sector #100
Overall #517

Net Income Y/Y Growth Statistics
High Average Low
204.81 % 27.39 % -57.62 %
(March 28, 2006)   (June 30, 2009)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Investment Services Industry #13
Financial Sector #100
Overall #517
Net Income Y/Y Growth Statistics
High Average Low
204.81 % 27.39 % -57.62 %
(March 28, 2006)   (June 30, 2009)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Schwab Charles's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
3316.67 % 51.81 % -96.34 %
(June 30, 2010)  


SCHW's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Schwab Charles Corp realized drop in Net Income from the previous quarter by -7.11% to $ 1,045.00 millions, from $ 1,125.00 millions achived in the previous reporting period.

It's not big concern, as IV. Quarter Net Income frequently seem to slow in this quarter Lowie Maes, a business advisor allocated in Amsterdam noted.

Within Investment Services industry 17 other companies have achieved higher Net Income quarter on quarter growth. While Schwab Charles's Net Income growth quarter on quarter, overall rank is 595.


Net Income Q/Q Growth Company Ranking
Within: No.
Investment Services Industry #18
Financial Sector #127
Overall #595
Net Income Q/Q Growth Company Ranking
Within: No.
Investment Services Industry #18
Financial Sector #127
Overall #595
Net Income Q/Q Growth Statistics
High Average Low
3316.67 % 51.81 % -96.34 %
(June 30, 2010)  


SCHW's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Schwab Charles Corp realized drop in Net Income from the third quarter by -7.11% to $ 1,045.00 millions, from $ 1,125.00 millions released in the previous quarter.

When you evaluate present shortcoming in the IV. Quarter 2023, you should presume, that frequently IV. Quarter performance occur weaker in contrast to the quarter before, Lowie Maes, a business advisor allocated in Amsterdam added.

Within Investment Services industry 17 other companies have achieved higher Net Income quarter on quarter growth. While Schwab Charles's Net Income growth quarter on quarter, overall rank is 595.


Schwab Charles's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 5,067.00 $ 5,990.00 $ 6,885.00 $ 7,384.00 $ 7,183.00
Y / Y Net Income Growth (TTM) -29.46 % -11.85 % 9.27 % 27.91 % 22.68 %
Year on Year Net Income Growth Overall Ranking # 339 # 570 # 354 # 287 # 257
Seqeuential Net Income Change (TTM) -15.41 % -13 % -6.76 % 2.8 % 5.71 %
Seq. Net Income Growth (TTM) Overall Ranking # 517 # 751 # 626 # 684 # 745




Cumulative Net Income growth Comment
Schwab Charles's cumulative 12 months Net Income continue to drop, but on the faster rate at -29.46% year on year, at Dec 31 2023 compare to the -11.85% decrease at Sep 30 2023. If the Schwab Charles's fiscal year would end at Dec 31 2023, annual Net Income would be $5,067 millions.

In the Financial sector 68 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 339, from total ranking in previous quarter at 570.

Net Income TTM Q/Q Growth Statistics
High Average Low
204.81 %
27.39 %
-57.62 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Investment Services Industry # 13
Financial Sector # 69
Overall # 339

Net Income TTM Y/Y Growth Statistics
High Average Low
204.81 %
27.39 %
-57.62 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 100
S&P 500 # 517
Cumulative Net Income growth Comment
Schwab Charles's cumulative 12 months Net Income continue to drop, but on the faster rate at -29.46% year on year, at Dec 31 2023 compare to the -11.85% decrease at Sep 30 2023. If the Schwab Charles's fiscal year would end at Dec 31 2023, annual Net Income would be $5,067 millions.

In the Financial sector 68 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 339, from total ranking in previous quarter at 570.

Net Income TTM Q/Q Growth Statistics
High Average Low
204.81 %
27.39 %
-57.62 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Investment Services Industry # 13
Financial Sector # 69
Overall # 339

Net Income TTM Y/Y Growth Statistics
High Average Low
204.81 %
27.39 %
-57.62 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 100
S&P 500 # 517




Other Net Income Growth
Investment Services Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
SCHW's Net Income Growth Ratio versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for SCHW's Competitors
Net Income Growth for Schwab Charles's Suppliers
Net Income Growth for SCHW's Customers

You may also want to know
SCHW's Annual Growth Rates SCHW's Profitability Ratios SCHW's Asset Turnover Ratio SCHW's Dividend Growth
SCHW's Roe SCHW's Valuation Ratios SCHW's Financial Strength Ratios SCHW's Dividend Payout Ratio
SCHW's Roa SCHW's Inventory Turnover Ratio SCHW's Growth Rates SCHW's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
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Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Shinhan Financial Group Co Ltd -5.37%$ -5.371 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Icc Holdings Inc -7.04%$ -7.041 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
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Independent Bank Corporation-8.90%$ -8.902 millions
Cf Bankshares Inc -9.33%$ -9.334 millions




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