Charles Schwab reports Q1 adjusted EPS 93c, consensus 90c

Reports Q1 revenue $5.12B, consensus $5.15B. Co-chairman and CEO Walt Bettinger commented, "When I drafted my first letter to stockholders 15 years ago in the middle of the financial crisis, I outlined four factors that helped distinguish Schwab from other financial institutions during a very challenging time for global markets: a strong financial foundation, a client-centric strategy, a disciplined operating approach, and a diversified business model. These characteristics remain every bit as relevant to our story today. We continue to consistently manage the business in a conservative manner, with an unwavering long-term orientation. Our ongoing commitment to this consistency of mission, including our "Through Clients’ Eyes" strategy, highlights why we maintain the ability to meet the needs of individual investors and the advisors who serve them through various environments."