Schwab Fourth Quarter Net Income of $597 Million Caps Record Year

Charles Schwab press release ----------- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2017 was $597 million, up 14% from $522 million for the fourth quarter of 2016. Net income for the twelve months ended December 31, 2017 was nearly $2.4 billion, up 25% year-over-year. The company’s financial results for the fourth quarter and full-year 2017 were impacted by the tax reform legislation signed in December − a one-time tax expense of approximately $46 million decreased earnings per share by $0.03. To learn more click on the picture below to read the release.