Charles Schwab Beats Slightly on Q4 EPS, Revenues

By Eric Volkman – Jan 16, 2014 at 8:25PM

NYSE: SCHW

Charles Schwab

Market Cap

$135B

Today's Change

(0.89%) $0.67

Current Price

$76.11

Price as of May 10, 2024, 4:00 p.m. ET

Charles Schwab notches top- and bottom-line increases in both the quarter and for the entirety of fiscal 2013.

Charles Schwab (SCHW 0.89%) shares closed the day higher following the release of the broker's Q4 and full-year 2013 results. For the quarter, revenue was $1.44 billion, or 18% above the $1.22 billion in the same period the previous year. Net income recorded a much higher increase, rising by 51%, to $319 million ($0.23 per diluted share) against Q4 2012's $211 million ($0.15).

Analysts had been expecting revenue of $1.40 billion and EPS of $0.21.

For the full year, top line was $5.44 billion, and the company netted $1.07 billion ($0.78 per share). Those figures for fiscal 2012 were $4.88 billion and $928 million ($0.69 per share), respectively.

In the press release detailing the figures, Schwab attributed the improvements to a widening client base, significant enrollment in advisory services, and better performing capital markets.

Following the announcement of the results, the company's stock climbed by 3%, or $0.77, to close at $26.80 in today's trading.

Fool contributor Eric Volkman has no position in Charles Schwab. Nor does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.