Charles Schwab

Charles Schwab reported fourth quarter profits that well exceeded Wall Street estimates early Tuesday. Revenues also beat estimates. Shares jumped 5.35% in premarket trading. The brokerage giant said adjusted earnings were $1.01 per share, beating analyst estimates of 91 cents, according to FactSet. That’s 49% higher than the fourth quarter of 2023. On an unadjusted basis, Schwab reported earnings of 94 cents per share. Schwab said revenue rose 20% year over year to $5.3 billion. That was above Wall Street revenue expectations of $5.2 billion. Schwab also showed robust growth, hauling in $115 billion in core net new assets for the fourth quarter and $367 billion for 2024. In 2023, it brought in $306 billion and had an annualized growth rate of 6%. In addition, the company showed progress on another front that has weighed on the stock: paying down short-term debt that it accumulated in 2023 and 2024 because […]

Charles Schwab (NYSE:SCHW) reported quarterly adj. earnings of $0.77 per share which beat the analyst consensus estimate of $0.75 by 2.67 percent. This is a 30 percent decrease over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $4.61 billion which missed the analyst consensus estimate of $4.63 billion by 0.52 percent. This is a 16.25 percent decrease over sales of $5.50 billion the same period last year.

Charles Schwab Corp Says It Expect To Post Pre-tax Margin Of 40% Or Greater When We Report Q3 Results Next Month。

Charles Schwab (NYSE:SCHW) is scheduled to be releasing its earnings data before the market opens on Monday, April 17th. Analysts expect Charles Schwab to post earnings of $0.94 per share for the quarter.