Charles Schwab Q2 Profit Rises - Quick Facts

(RTTNews) - The Charles Schwab Corporation (SCHW) reported second-quarter net income available to common stockholders of $330 million, compared to $302 million, prior year. Earnings per common share was $0.25 compared to $0.23. Charles Schwab noted that its financial results for the second quarter include litigation proceeds of approximately $17 million relating to the company's non-agency residential mortgage-backed securities portfolio; which increased earnings per share by $0.01.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items. Total net revenues were $1.57 billion compared to $1.48 billion, a year ago. Analysts expected revenue of $1.54 billion for the quarter.