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研究快訊:嘉信理財第一季:利潤率擴張推動每股盈餘超預期,營收略低於預期

-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下:嘉信理財(Charles Schwab Corporation,股票代號:SCHW)第一季每股收益為1.43美元,高於市場普遍預期的1.39美元及去年同期的1.04美元,季淨收入達64.8億美元(年成長16%),創公司歷史新高。收入成長全面,淨利息收入成長16%,資產管理和行政費用成長15%,交易收入成長20%。我們認為,這些業績表明,在市場不確定性加劇的情況下,嘉信理財多元化的商業模式仍然強勁。資產成長動能良好,第一季新增經紀帳戶130萬個,核心淨新增資產達1,400億美元。客戶參與度也創下歷史新高,日均交易量達到990萬筆(年增34%),客戶總資產達11.77兆美元(年成長19%)。由於收益率上升和融資狀況改善,淨利差從上年的2.53%擴大至2.88%。該公司雄厚的資本實力使其得以回購24億美元的股票,並將股利提高19%至每股0.32美元。我們相信,SCHW多元化的商業模式和不斷深化的客戶關係將支撐其持續成長。

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