Charles Schwab's 2012 Net Rises 7%


Charles Schwab has released its Q4 and fiscal 2012 results, both of which saw a rise in revenues and profit. For the full year, net revenues amounted to $4.9 billion, and the bottom line came in at $928 million (diluted earnings of $0.69 per share). Those were 4% and 7% higher, respectively, over 2011's numbers.

They included two sizable one-time items, however. The company booked a $44 million after-tax gain related to the resolution of a vendor dispute, and a state tax benefit of roughly $20 million. Without those items, net income would have been flat over that of the previous year.

For Q4, net revenues were $1.2 billion and net profit amounted to $211 million ($0.15 diluted EPS). Compared with the same quarter the previous year, those figures were 9% and 29% higher.

The article Charles Schwab's 2012 Net Rises 7% originally appeared on

Eric Volkman and The Motley Fool have no position in Charles Schwab. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.