Charles Schwab (SCHW) Reports Q4 Earnings: What Key Metrics Have to Say

Financial Performance - Revenue for Q4 2024 was $5.33 billion, a 19.5% increase YoY [1] - EPS for Q4 2024 was $1.01, compared to $0.68 in the year-ago quarter [1] - Revenue surprise of +2.82% over the Zacks Consensus Estimate of $5.18 billion [1] - EPS surprise of +12.22% over the consensus estimate of $0.90 [1] Key Metrics - Total client assets: $10,101.3 billion vs. $10,030.82 billion estimated [4] - Clients daily average trades - Total: 6.31 million vs. 6 million estimated [4] - Average Interest Earning Assets: $426.44 billion vs. $426.15 billion estimated [4] - Average Client Assets - Total advice Solutions: $698.18 million vs. $673.06 million estimated [4] Revenue Breakdown - Net revenues- Other: $175 million vs. $180.22 million estimated, +19.1% YoY [4] - Net revenues- Bank deposit account fees: $241 million vs. $202.55 million estimated, +38.5% YoY [4] - Net revenues- Net interest revenue: $2.53 billion vs. $2.42 billion estimated, +18.8% YoY [4] - Net revenues- Asset management and administration fees: $1.51 billion vs. $1.52 billion estimated, +21.6% YoY [4] - Net revenues- Trading revenue: $873 million vs. $855.44 million estimated, +13.8% YoY [4] Asset Management and Administration Fees - Schwab money market funds: $389 million vs. $391.06 million estimated, +30.1% YoY [4] - Schwab equity and bond funds, ETFs and collective trust funds (CTFs): $125 million vs. $129.72 million estimated, +27.6% YoY [4] - Mutual Fund OneSource and other non-transaction fee funds: $231 million vs. $231.49 million estimated, +22.9% YoY [4] Stock Performance - Shares of Charles Schwab returned +2.3% over the past month vs. Zacks S&P 500 composite's +1.2% change [3] - The stock currently has a Zacks Rank 2 (Buy), indicating potential outperformance in the near term [3]