Charles Schwab's 2012 Net Rises 7%

Charles Schwab (NYSE: SCHW  ) has released its Q4 and fiscal 2012 results, both of which saw a rise in revenues and profit. For the full year, net revenues amounted to $4.9 billion, and the bottom line came in at $928 million (diluted earnings of $0.69 per share). Those were 4% and 7% higher, respectively, over 2011's numbers.

They included two sizable one-time items, however. The company booked a $44 million after-tax gain related to the resolution of a vendor dispute, and a state tax benefit of roughly $20 million. Without those items, net income would have been flat over that of the previous year.

For Q4, net revenues were $1.2 billion and net profit amounted to $211 million ($0.15 diluted EPS). Compared with the same quarter the previous year, those figures were 9% and 29% higher.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2200412, ~/Articles/ArticleHandler.aspx, 12/21/2014 1:06:19 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement