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 ...

Wall Street analysts expect The Charles Schwab Corporation (SCHW) to post quarterly earnings of $0.66 per share in its upcoming report, which indicates a year-over-year decline of 38.3%. Revenues are expected to be $4.49 billion, down 18.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 3.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during thi ...

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab today introduced the Schwab Trading Activity Index (STAX), offering timely insights into retail trading behavior from one of the industry’s largest retail investor client bases. Building on the success of the TD Ameritrade Investor Movement Index® (IMXSM), launched in 2013, the STAX is a new proprietary, behavior-based index that analyzes retail investor stock positions and trading activity to illuminate what investors were actually doing and how they were positioned ...

In the latest market close, The Charles Schwab Corporation (SCHW) reached $65.82, with a -1.39% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.57%. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.75%.Coming into today, shares of the company had gained 3.38% in the past month. In that same time, the Finance sector gained 1.46%, while the S&P 500 gained 3.4%.The investment community will be paying close attention to the earnings pe ...

Charles Schwab (SCHW) is scheduled to report fourth-quarter and full year 2023 results on Jan 17, before market open. Its revenues and earnings in the quarter are expected to have declined on a year-over-year basis.In the third quarter of 2023, Schwab’s earnings beat the Zacks Consensus Estimate. Results benefited from the solid performance of the asset management business. However, a fall in revenues due to higher funding costs and lower volatility posed a major headwind.The company has an impressive earni ...

jetcityimage Investment Thesis In essence, Charles Schwab (NYSE:SCHW) is a name and brand I'd gladly own. Regardless of industry specifics, valuations, or margins, we're talking about a top-tier company with exceptional brand awareness. That's Charles Schwab. A leading investment services firm with $8.18 trillion in client assets, Schwab's trusted brand boasts over 50 years of experience. It recently expanded even further through its $26 billion acquisition of TD Ameritrade. While I believe the current admi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended September 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from ________ to ________ Commission File Number: 1-9700 THE CHARLES SCHWAB CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3025021 (State ...

The Charles Schwab Corporation (NYSE:SCHW) 2023 Fall Business Update Conference Call October 16, 2023 9:00 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walter Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Peter Crawford - Managing Director and Chief Financial Officer Conference Call Participants Kenneth Worthington - JPMorgan Patrick Moley - Piper Sandler Brennan Hawken - UBS Kyle Voigt - KBW Daniel Fannon - Jefferies Steven Chubak - Wolfe Research Alex ...