On Thursday, Shares of Charles Schwab Corp (NYSE:SCHW), gained 0.22% to $34.76.
Charles Schwab Corporation, declared that its net income for the second quarter of 2015 was $353 million, up 17% from $302 million for the first quarter of 2015, and up 9% from $324 million for the second quarter of 2014. Net income for the six months ended June 30, 2015 was $655 million, up 1% from the year-earlier period. The company’s financial results for the second quarter and first six months of 2015 comprise litigation proceeds of about $17 million (comprised of in Other revenue) regarding the company’s non-agency residential mortgage-backed securities portfolio; this raised earnings per share by $0.01.
CEO Walt Bettinger said, Our contemporary full-service investing model continues to appeal to clients and prospects, and assisted us achieve strong quarterly operating results in the face of sideways equity markets and ongoing low interest rates. We gathered $37.0 billion of core net new assets, the highest second quarter in our history, and maintained a 6% annualized organic growth rate despite seasonal tax outflows in April. Clients opened 280,000 new brokerage accounts, up 16% year-over-year and another second quarter record. Total client assets were $2.54 trillion at quarter-end, up 6% from a year ago. Client assets under the guidance of a registered independent advisor or enrolled in one of our retail or other advisory solutions also rose 6% year-over-year, to $1.26 trillion. At month-end June, we were serving 9.6 million brokerage accounts, 1.0 million banking accounts, and 1.5 million retirement plan participants, up 4%, 6% and 10%, respectively, from the second quarter of 2014.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of BB&T Corporation (NYSE:BBT), declined -0.10% to $41.55, during its last trading session.
BB&T Corporation, released the results of its company-run mid-cycle stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
Finally, Amyris Inc (NASDAQ:AMRS), ended its last trade with 11.73% gain, and closed at $2.00.
Amyris, declared a multi-year, multi-million-dollar partnership agreement with a global food ingredients supplier. This agreement marks Amyris’s first partnership in the growing food ingredients sector. The partner will provide funding for the development program, which Amyris will be responsible for executing, and the agreement comprises a long-term value share provision in regard to future end-market product sales by the partner. Under the terms of the agreement, the company is unable to disclose details of the collaboration.
Amyris, Inc. provides various alternatives to a range of petroleum-sourced products for the consumer care, specialty chemical, and transportation fuel markets worldwide. The company applies its industrial synthetic biology platform to design microbes and primarily yeast, in addition to convert plant-sourced sugars into renewable hydrocarbons.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.