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Charles Schwab | 10-Q: Q2 2024 Earnings Report

Charles Schwab | 10-Q: Q2 2024 Earnings Report

嘉信理财 | 10-Q：2024财年二季报
美股SEC公告 ·  2024/08/09 04:25

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Charles Schwab reported Q2 2024 net income of $1.3 billion, up 3% year-over-year, while total net revenues increased 1% to $4.7 billion. Asset management and administration fees surged 18% to $1.4 billion, driven by higher money market fund balances and strong equity markets. Net interest revenue declined 6% to $2.2 billion due to lower interest-earning assets.The company's client assets reached $9.41 trillion, up 17% from the prior year, with core net new assets of $61.2 billion in Q2, representing a 17% increase. Active brokerage accounts grew 4% to 35.6 million, while the consolidated Tier 1 Leverage Ratio strengthened to 9.4% from 8.5% at year-end 2023.In May 2024, Schwab completed the final client account conversions from Ameritrade, marking a significant integration milestone. The company has achieved approximately 90% of its targeted $1.8-2.0 billion in annual cost synergies and expects to realize the remaining synergies by the end of 2024. Bank deposits decreased 6% during the quarter to $252.4 billion, reflecting client cash reallocation and seasonal tax payments.
Charles Schwab reported Q2 2024 net income of $1.3 billion, up 3% year-over-year, while total net revenues increased 1% to $4.7 billion. Asset management and administration fees surged 18% to $1.4 billion, driven by higher money market fund balances and strong equity markets. Net interest revenue declined 6% to $2.2 billion due to lower interest-earning assets.The company's client assets reached $9.41 trillion, up 17% from the prior year, with core net new assets of $61.2 billion in Q2, representing a 17% increase. Active brokerage accounts grew 4% to 35.6 million, while the consolidated Tier 1 Leverage Ratio strengthened to 9.4% from 8.5% at year-end 2023.In May 2024, Schwab completed the final client account conversions from Ameritrade, marking a significant integration milestone. The company has achieved approximately 90% of its targeted $1.8-2.0 billion in annual cost synergies and expects to realize the remaining synergies by the end of 2024. Bank deposits decreased 6% during the quarter to $252.4 billion, reflecting client cash reallocation and seasonal tax payments.
嘉信理财报告称2024年第二季度的净利润为13亿元，同比增长3%。总净营业收入增加1%，达47亿元。资产管理和行政费用激增18%，达到14亿元，这得益于货币型基金余额的增加和强劲的股票市场。由于利息收益资产减少，净利息收入下降6%，至22亿元。公司的客户资产达到9.41万亿元，比去年增长17%。2024年第二季度核心净新增资产为612亿元，同比增长17%。活跃的券商账户增长4%，达到3560万个，而综合一级杠杆比率从2023年年底的8.5%增强至9.4%。2024年5月，嘉信完成了来自Ameritrade的最后一批客户账户转换，标志着一个重要的整合里程碑。该公司已实现其目标的180-200亿元年度成本协同效应的约90%，并预计在2024年底前实现剩余协同效应。银行存款在本季度减少6%，至2524亿元，反映了客户现金再配置和季节性税款支付。
嘉信理财报告称2024年第二季度的净利润为13亿元，同比增长3%。总净营业收入增加1%，达47亿元。资产管理和行政费用激增18%，达到14亿元，这得益于货币型基金余额的增加和强劲的股票市场。由于利息收益资产减少，净利息收入下降6%，至22亿元。公司的客户资产达到9.41万亿元，比去年增长17%。2024年第二季度核心净新增资产为612亿元，同比增长17%。活跃的券商账户增长4%，达到3560万个，而综合一级杠杆比率从2023年年底的8.5%增强至9.4%。2024年5月，嘉信完成了来自Ameritrade的最后一批客户账户转换，标志着一个重要的整合里程碑。该公司已实现其目标的180-200亿元年度成本协同效应的约90%，并预计在2024年底前实现剩余协同效应。银行存款在本季度减少6%，至2524亿元，反映了客户现金再配置和季节性税款支付。
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