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Charles Schwab | 10-Q: Q3 2024 Earnings Report

Charles Schwab | 10-Q: Q3 2024 Earnings Report

嘉信理财 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/08 21:21

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Charles Schwab reported Q3 2024 net income of $1.4 billion, up 25% year-over-year, with total net revenues increasing 5% to $4.8 billion. Core net new assets surged 109% to $95.3 billion, while total client assets reached $9.92 trillion, up 27% from Q3 2023. The company's consolidated Tier 1 Leverage Ratio improved to 9.7%.Asset management and administration fees rose 21% to $1.5 billion, driven by higher balances in money market funds and fee-based advice solutions. Net interest revenue remained relatively stable at $2.2 billion despite lower average interest-earning assets, as improved yields offset higher funding costs. Trading revenue increased 4% to $797 million on higher volumes.The company completed its final Ameritrade client transitions in May 2024 and has achieved approximately 95% of targeted cost synergies. Bank supplemental funding decreased by $8.9 billion during the quarter as client cash allocations stabilized. Management expects to realize remaining integration synergies by end of 2024, with full year benefits beginning in 2025.
Charles Schwab reported Q3 2024 net income of $1.4 billion, up 25% year-over-year, with total net revenues increasing 5% to $4.8 billion. Core net new assets surged 109% to $95.3 billion, while total client assets reached $9.92 trillion, up 27% from Q3 2023. The company's consolidated Tier 1 Leverage Ratio improved to 9.7%.Asset management and administration fees rose 21% to $1.5 billion, driven by higher balances in money market funds and fee-based advice solutions. Net interest revenue remained relatively stable at $2.2 billion despite lower average interest-earning assets, as improved yields offset higher funding costs. Trading revenue increased 4% to $797 million on higher volumes.The company completed its final Ameritrade client transitions in May 2024 and has achieved approximately 95% of targeted cost synergies. Bank supplemental funding decreased by $8.9 billion during the quarter as client cash allocations stabilized. Management expects to realize remaining integration synergies by end of 2024, with full year benefits beginning in 2025.
嘉信理财报告了2024年第三季度净利润为14亿,较去年同期增长25%,总营业收入增加5%至48亿。核心新增资产激增109%至953亿,而客户总资产达到9.92万亿,同比增长27%。公司的综合一级杠杆比率改善至9.7%。资产管理和管理费用增长21%至15亿,这得益于货币市场基金和基于费用的咨询解决方案中更高的余额。尽管平均利息收益资产下降,净利息收入仍然保持相对稳定,为22亿,因为收益的改善抵消了更高的融资成本。交易收入在交易量增加的情况下增长4%,达到79700万。该公司于2024年5月完成了最后一次Ameritrade客户过渡,已实现约95%的目标成本协同效应。银行的补充资金在该季度下降了89亿,因为客户现金配置趋于稳定。管理层预计到2024年底将实现剩余的整合协同效应,全年效益将在2025年开始。
嘉信理财报告了2024年第三季度净利润为14亿,较去年同期增长25%,总营业收入增加5%至48亿。核心新增资产激增109%至953亿,而客户总资产达到9.92万亿,同比增长27%。公司的综合一级杠杆比率改善至9.7%。资产管理和管理费用增长21%至15亿,这得益于货币市场基金和基于费用的咨询解决方案中更高的余额。尽管平均利息收益资产下降,净利息收入仍然保持相对稳定,为22亿,因为收益的改善抵消了更高的融资成本。交易收入在交易量增加的情况下增长4%,达到79700万。该公司于2024年5月完成了最后一次Ameritrade客户过渡,已实现约95%的目标成本协同效应。银行的补充资金在该季度下降了89亿,因为客户现金配置趋于稳定。管理层预计到2024年底将实现剩余的整合协同效应,全年效益将在2025年开始。
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