Yahoo! Finance
04-15-2009, 09:50 AM
<b>Yahoo! Finance: Mutual Fund News</b>
SAN FRANCISCO----The Charles Schwab Corporation announced today that its net income was $218 million for the first quarter of 2009, down 29% from the first quarter of 2008. The company's first quarter results include a $26 million pre-tax gain relating to the repurchase of certain outstanding company debt, $14 million in pre-tax net impairment losses on certain mortgage-backed securities, and $59 million in pre-tax charges for severance and other costs relating to its previously announced expense reduction measures.
complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/090415/20090415005372.html?.v=1)
SAN FRANCISCO----The Charles Schwab Corporation announced today that its net income was $218 million for the first quarter of 2009, down 29% from the first quarter of 2008. The company's first quarter results include a $26 million pre-tax gain relating to the repurchase of certain outstanding company debt, $14 million in pre-tax net impairment losses on certain mortgage-backed securities, and $59 million in pre-tax charges for severance and other costs relating to its previously announced expense reduction measures.
complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/090415/20090415005372.html?.v=1)