The Charles Schwab Corporation announced its financial results for Q4 2024 and the full year 2024, highlighting strong growth across key metrics. The company reported net income of $1.8 billion for Q4 2024, with GAAP earnings per share (EPS) of $0.94 and adjusted EPS of $1.01, representing a 49% increase compared to Q4 2023. For the full year, Schwab achieved net revenues of $19.6 billion, up 4% year-over-year.

Key highlights from Q4 2024 include a 20% year-over-year increase in net revenues to $5.3 billion, driven by strong client engagement, rising net interest margin, and record inflows into Managed Investing Solutions. Core net new assets for the quarter totaled $114.8 billion, contributing to $367 billion in net new assets for 2024—a 20% increase compared to 2023. Total client assets rose 19% year-over-year to reach $10.1 trillion.

Additional achievements for Q4 2024 include:
- A 76% increase in GAAP net income compared to Q4 2023.
- A pre-tax profit margin of 43.3%, or 46.6% on an adjusted basis.
- Record asset management and administration fees of $1.5 billion.
- Client cash balances increased by $35 billion, reducing bank supplemental funding by $14.9 billion.

Schwab also reported strong client activity, with a 23% increase in new brokerage accounts year-over-year and a 34% rise in margin balances compared to year-end 2023. Trading revenue grew 14% year-over-year due to higher volumes and improved trading mix. The company maintained a robust capital position, with a Tier 1 leverage ratio of 9.9% (GAAP) and 6.8% (adjusted).

Looking ahead, Schwab continues to focus on capital efficiency and long-term growth, supported by its expanded client base and successful integration of Ameritrade. The company emphasized its ongoing commitment to providing top-tier customer service and innovative financial solutions.