Shares of brokerage powerhouse Charles Schwab (NYSE: SCHW ) were up more than 6% after the company reported better than expected earnings for its third fiscal quarter. The financial services company saw robust top line momentum and strong asset gathering capabilities through theAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SCHW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compens ...

Charles Schwab NYSE: SCHW had a solid quarter, outpacing expectations and issuing favorable guidance. Still, its stock price may only increase slightly because of the analyst and sell-side activity this year. Charles Schwab TodaySCHWCharles Schwab$71.96 +4.14 (+6.10%) 52-Week Range$48.66▼$79.49Dividend Yield1.39%P/E Ratio29.86Price Target$71.82Add to WatchlistThe analysts' response to the Q3 results is tepid. The number of lowered price targets outpaces the increased targets by a wide margin, narrowing to a ...

Exhibit 99.1 CORPORATION SCHWAB REPORTS THIRD QUARTER RESULTS Total Client Assets Increased 27% Year-Over-Year to a Record $9.92 Trillion Core Net New Assets Equaled $95.3 Billion, Year-To-Date Exceeds $250 Billion Quarterly Net Revenues Grew 5% Year-Over-Year to $4.8 Billion WESTLAKE, Texas, October 15, 2024 – The Charles Schwab Corporation reported net income for the third quarter totaling $1.4 billion, or $.71 diluted earnings per common share. Excluding $153 million of pre-tax transaction-related costs, ...

Better-than-expected earnings results drove the stock higher today.Shares of Charles Schwab (SCHW 6.90%), the brokerage powerhouse that recently surpassed Vanguard to become the largest brokerage firm by assets under management, were moving higher today after the company posted better-than-expected results in its third-quarter earnings report.As of 1:44 p.m. ET, the stock was up 6.8% on the news. Schwab shines in Q3Like the rest of its industry, Charles Schwab seemed to benefit from the ongoing bull market ...

Fall Business Update October 15, 2024 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements that refer to expectations, projections or other characterizations of future events or circumstances and are identified by words such as "believe," "expect," "will," "may," "should," "could," "estimate," "anticipate," "contin ...

The Charles Schwab Corporation (NYSE:SCHW) Q3 2024 Earnings Conference Call October 15, 2024 8:30 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walter W. Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Michael Verdeschi - New Chief Financial Officer Peter Crawford - Managing Director Conference Call Participants Ken Worthington - JP Morgan Alexander Blostein - Goldman Sachs Brennan Hawken - UBS Dan Fannon - Jefferies Kyle Voigt - KBW Steven Chubak - Wolfe ...

Key TakeawaysCharles Schwab stock jumped to a three-month high after the financial services company reported third-quarter results above what analysts had expected.Revenue and profits rose year-over-year, while net interest income dropped slightly.The investment management firm also lifted its revenue projections for the full year. Charles Schwab (SCHW) shares soared Tuesday as the financial services company reported better third-quarter results than analysts had expected, and also lifted its projections fo ...

Charles Schwab’s (SCHW) third-quarter 2024 adjusted earnings of 77 cents per share beat the Zacks Consensus Estimate. The bottom line, however, remained stable year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of the company rose 9.3% in pre-market trading on better-than-expected results.Results benefited from the solid performance of the asset management business, which drove revenues. The absence of fee waivers and solid brokerage account numbers acted as tailw ...

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Earnings Performance - The company reported quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.75 per share, representing a 2.67% earnings surprise [1] - This compares to earnings of $0.77 per share a year ago, with figures adjusted for non-recurring items [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [1] Revenue Performance - The company posted revenues of $4.85 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.95% [1] - This compares to year-ago revenues of $4.61 billion [1] - The company has topped consensus revenue estimates three times over the last four quarters [1] Stock Performance - The company's shares have lost about 1.4% since the beginning of the year, underperforming the S&P 500's gain of 22.9% [2] - The stock is currently rated Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Future Outlook - The current consensus EPS estimate is $0.83 on $4.99 billion in revenues for the coming quarter and $3.06 on $19.22 billion in revenues for the current fiscal year [4] - The estimate revisions trend for the company is mixed, with potential changes following the latest earnings report [4] Industry Context - The company belongs to the Zacks Financial - Investment Bank industry, which is currently in the top 30% of the 250 plus Zacks industries [5] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] Peer Comparison - Robinhood Markets, Inc (HOOD), another company in the same industry, is expected to report quarterly earnings of $0.19 per share, representing a year-over-year change of +311.1% [5] - The consensus EPS estimate for Robinhood has been revised 1.4% lower over the last 30 days [5] - Robinhood's revenues are expected to be $671.73 million, up 43.8% from the year-ago quarter [6]