The Charles Schwab Corporation (NYSE:SCHW) Spring Business Update Conference Call April 15, 2024 9:00 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walt Bettinger - Co-Chairman and CEO Rick Wurster - President Peter Crawford - CFO Conference Call Participants Ken Worthington - JPMorgan Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Devin Ryan - Citizens JMP Brian Bedell - Deutsche Bank Bill Katz - TD Cowen Kyle Voigt - KBW Jeff Edwards Good morning, ...

With its big deal largely done, the company's attention is focused on returning cash to shareholders.Charles Schwab (SCHW 3.69%) delivered solid earnings and said it was focused on returning capital to shareholders. Investors liked the tone of the report, sending shares up about 4% as of 11:30 a.m. ET.Strong markets driving asset growthSchwab has long been one of the most prominent retail brokerages, a position it solidified via its 2020 acquisition of TD Ameritrade. But the last few years have been spent m ...

Key TakeawaysCharles Schwab beat first-quarter profit and revenue estimates as the runup in U.S. equities during the quarter fueled its business.The discount brokerage and financial advisory firm said investor sentiment "improved noticeably" during the first three months of the year.Schwab's brokerage accounts, trading volume, and margin balances all increased. Shares of Charles Schwab (SCHW) rose 4% in early trading Monday after the discount brokerage and financial advisory firm reported better-than-expect ...

Key PointsThe Charles Schwab Company had a decent quarter and is expected to return to growth soon.Margins are widening sequentially and point to robust cash flow and capital returns. Analysts provide a tailwind for the market, which may strengthen now that results are in. 5 stocks we like better than Charles SchwabThe Charles Schwab Company NYSE: SCHW can hit new highs, not just a new weekly or monthly high but a new multi-year high with the potential for a new all-time high. The last year was challenging ...

For the quarter ended March 2024, The Charles Schwab Corporation (SCHW) reported revenue of $4.74 billion, down 7.4% over the same period last year. EPS came in at $0.74, compared to $0.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.71 billion, representing a surprise of +0.56%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $0.73.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Charles Schwab (SCHW) is scheduled to report first-quarter 2024 results on Apr 15, before market open. Its revenues and earnings in the quarter are expected to have declined on a year-over-year basis.In the fourth quarter of 2023, Schwab’s earnings beat the Zacks Consensus Estimate. Results benefited from the solid performance of the asset management business. Also, the absence of fee waivers and solid brokerage account numbers acted as tailwinds. However, a fall in revenues due to higher funding costs and ...

Analysts on Wall Street project that The Charles Schwab Corporation (SCHW) will announce quarterly earnings of $0.74 per share in its forthcoming report, representing a decline of 20.4% year over year. Revenues are projected to reach $4.72 billion, declining 7.8% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...

Wall Street expects a year-over-year decline in earnings on lower revenues when The Charles Schwab Corporation (SCHW) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? The Charles Schwab Corporation (SCHW) , which belongs to the Zacks Financial - Investment Bank industry, could be a great candidate to consider.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.64%.For the last ...