jetcityimage Charles Schwab (NYSE:SCHW) submitted a decent results sheet for Q4’23 on Wednesday that despite lower earnings beat expectations on the bottom line. Charles Schwab’s shares skidded 6% after the news, but recovered towards the end of the day, indicating that investors may have read the report too negatively. I believe that Charles Schwab continues to be an interesting brokerage play, especially because of the Federal Reserve’s decision to lower interest rates. Charles Schwab has suffered fro ...

Key TakeawaysCharles Schwab shares fell after reporting its earnings and revenue declined in the fourth quarter as interest revenue dropped and it paid a regulatory charge.Profit was cut nearly in half, and interest revenue slumped 30% from a year ago.A Federal Deposit Insurance Corporation charge of $172 million made up about one-third of the company's increased expenses in the period.Charles Schwab (SCHW) shares sank close to 3% in early trading Wednesday after the discount brokerage and financial service ...

The Charles Schwab Corporation (NYSE:SCHW) 2024 Winter Business Update January 17, 2024 8:30 AM ET Company Participants Jeff Edwards - Managing Director, Head of Investor Relations Walt Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Peter Crawford - Managing Director, Chief Financial Officer Conference Call Participants Ken Worthington - JPMorgan Steven Chubak - Wolfe Research Kyle Voigt - KBW Brennan Hawken - UBS Dan Fannon - Jefferies Alex Blostein - Goldman Sachs Devin Ryan ...

The Charles Schwab Corporation (SCHW) reported $4.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 18.9%. EPS of $0.68 for the same period compares to $1.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.43 billion, representing a surprise of +0.70%. The company delivered an EPS surprise of +4.62%, with the consensus EPS estimate being $0.65.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Charles Schwab’s (SCHW) fourth-quarter 2023 adjusted earnings of 68 cents per share beat the Zacks Consensus Estimate of 65 cents. The bottom line, however, declined 36% from the prior-year quarter.Shares of the company lost 1% in pre-market trading on top-line weakness.Results benefited from the solid performance of the asset management business. The absence of fee waivers and solid brokerage account numbers acted as tailwinds during the quarter. However, lower revenues due to higher funding costs and lowe ...

The shares of Charles Schwab Corp (NYSE:SCHW) aren't faring so well after the company's fourth-quarter report, down 6% at $60.42 at last glance. Though the finance name reported better-than-expected earnings of 68 cents per share, profit fell 47% amid bigger interest payments on client deposits and debt due to a jump in asset management fees. The $60 level, a familiar line of resistance over the past year, appears to be moving in as support for today's pullback. Headed for its sixth-straight daily loss, SCH ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Charles Schwab Corp.’s stock SCHW, -1.41% was up by 0.4% in premarket trading on Wednesday after the broker’s fourth-quarter profit topped analyst estimates, although its revenue fell slightly short. Schwab’s fourth quarter profit dropped by about half to $1.05 billion, or 51 cents a share, from $1.97 billion, or 97 cents a share, in the year-ago quarter. Adjusted fourth-quarter profit of 68 cents a share beat the FactSet consensus estimate of 64 cents a share. Revenue dropped by 19% to $4.46 billion from ...

Charles Schwab Corporation (NYSE: SCHW) is trending slightly down in premarket on Wednesday after reporting weaker-than-expected revenue for its fiscal fourth quarter.Here’s what CEO Bettinger said todayCopy link to sectionOn the plus side, the multinational ended its financial year with a record $8.5 trillion worth of total client assets – a 21% increase versus last year. 2023 marked the fifth consecutive year for Charles Schwab to see its pre-tax margin on an adjusted basis above 40%. Walt Bettinger – it ...

Charles Schwab (NYSE: SCHW) stock price pulled back in the pre-market as traders waited for its Q4 earnings. The shares retreated by 1%, joining other banks like Morgan Stanley, Goldman Sachs, and PNC Financial in the red. Similarly, the Invesco Bank ETF (KBW) retreated by almost 1%.Charles Schwab has been one of the most embattled banks in the past 12 months. Its woes started after the mini-banking crisis that led to the collapse of the likes of  First Republic Bank (FRC), Signature, and Silicon Valley Ban ...