Edward Jones Profit soars 25% due to customer inflow and asset appreciation
2026-08-11 02:05:14
According to CoinMeta, Edward Jones reported that its profits soared by 25% in the second quarter of 2026 due to customer inflows and asset appreciation. The company's parent company in the United States saw its revenue increase by a quarter in the second quarter, although expenses also rose by double digits due to payments for over 19,000 consultants. The number of customer households increased to 6.1 million, which helped the company offset the higher costs. The company also revealed more information about the upcoming exchange of Class A limited partnership interests for new Class B shares. In the second quarter, customer asset inflows grew by 8% year-on-year to reach $17.7 billion, and the total customer assets increased by 15% to reach $2.6 trillion.
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Source:Internet
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