The Charles Schwab Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 17, 2018 at 07:15 pm IST
The Charles Schwab Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total net revenues of $2,242 million against $1,972 million a year ago. Income before taxes on income was $953 million against $824 million a year ago. Net income available to common stockholders was $550 million against $478 million a year ago. Basic and diluted earnings per share were $0.41 against $0.36 a year ago. Return on average common stockholders’ equity was 14% against 14% a year ago. Capital expenditures - purchases of equipment, office facilities, and property, net were $141 million against $86 million a year ago.
For the year, the company reported total net revenues of $8,618 million against $7,478 million a year ago. Income before taxes on income was $3,650 million against $2,993 million a year ago. Net income available to common stockholders was $2,180 million against $1,746 million a year ago. Diluted earnings per share were $1.61 against $1.31 a year ago. Return on average common stockholders’ equity was 15% against 14% a year ago.