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 June 30, 2024 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) (State or other jurisdiction of ...

Charles Schwab (SCHW) , one of the leading brokerage firms in the United States, has seen its stock plunge more than 14% in a month.This fall is steeper than the 7.5% and 6.4% declines of the industry it belongs to and the S&P 500, respectively.One-Month Price PerformanceImage Source: Zacks Investment ResearchWhat Triggered the Sell-off in the SCHW Stock?If you see the above chart, Schwab shares started falling after the second-quarter 2024 results were announced on Jul 16 and are yet to recover.Though SCHW ...

Core Viewpoint - Charles Schwab is taking steps to shrink its bank and mitigate capital and funding-related risks due to significant deposit outflows and rising interest rates, which have negatively impacted its earnings and stock performance [1][5]. Group 1: Financial Performance and Challenges - Charles Schwab has experienced deposit outflows totaling $50 billion, or 32%, from August 2022 to April 2023, as customers shifted funds to higher-yielding assets amid rising interest rates [3]. - The company's net interest revenue fell by 6% year-over-year, and bank deposits decreased by 4% in the recent quarter, indicating ongoing challenges in the current interest rate environment [5]. - Analysts, including those from Bank of America, have lowered their price target for Schwab to $66, citing limited earnings upside and a shift in strategy that could impact future growth [5][6]. Group 2: Strategic Response - CEO Walt Bettinger announced plans to utilize third-party banks to manage excess deposits, aiming to reduce capital intensity and improve liquidity while extending FDIC insurance for clients [5]. - The strategic shift is expected to take years to fully implement and aims to reduce volatility in capital levels and reliance on supplemental borrowing during periods of rising interest rates [6]. - While the strategy is deemed necessary, it is anticipated to weigh on short-term growth and earnings as the company transitions away from its bank-centric model [6].

Charles Schwab TodaySCHWCharles Schwab$64.75 +2.67 (+4.30%) 52-Week Range$48.66▼$79.49Dividend Yield1.54%P/E Ratio27.09Price Target$75.07Add to WatchlistRetail financial services firm Charles Schwab Co. NYSE: SCHW shares fell 17% in the days following its Q2 2024 earnings report. The company still beat EPS estimates and just barely eked out a YoY revenue gain. While underwhelming, the report wasn't a complete disaster, as one might assume based on the extent of the selling. The disappointment came from some ...

Earnings have fallen due to more headwinds with its banking franchise.Shares of Charles Schwab (SCHW 0.34%) fell over 15% this week, according to data from S&P Global Market Intelligence. One of the largest brokerages posted slow growth and poor earnings as the company still deals with low-yielding assets on its balance sheet. As of 1:31 p.m. ET on Friday, July 19, Charles Schwab stock was down 17.5% this week.Here's why.Slow growth and headwinds on the balance sheetThis week, Charles Schwab reported earnin ...

Oleksii Glushenkov/iStock via Getty Images Charles Schwab's (NYSE:SCHW) shares crashed more than 5% on Wednesday after the financial brokerage company reported earnings for its second fiscal quarter. Charles Schwab reported a small 1% increase in revenues year over year and interest revenue falling 6%, causing SCHW to miss consensus top-line estimates. In my opinion, the market appears to overreact to the financial services company's Q2 earnings scorecard because Charles Schwab benefits from consistent core ...

In a Thursday interview with CNBC's Jim Cramer, Charles Schwab CEO Walt Bettinger pushed back against negative sentiment on Wall Street about his company, which saw shares plummet this week after certain metrics in its banking business fell short of expectations during the recent quarter.Cramer asked Bettinger whether his company still had an issue with cash shorting, as was suggested by a Thursday story from Barron's. Cash shorting, which occurs when depositors move funds form lower-paying accounts to high ...

The company is not shaping up to be a stock market winner this week.For the second day in a row, equity investors assertively sold out of securities brokerage Charles Schwab (SCHW -5.38%). That wasn't altogether surprising, as negative sentiment lingered following the Tuesday release of a disappointing earnings report, and a clutch of analysts became notably more bearish on the company. As a consequence, the stock fell by over 5% in price, a worse performance than the 1.4% drop of the S&P 500 index.An earni ...

JHVEPhoto/iStock Editorial via Getty Images When shares of The Charles Schwab Corporation (NYSE:SCHW) posted its results for the first quarter of this year, I believed that there was some strength seen under the hood. That strength cooled off a bit during the second quarter, with client inflows slowing, deposit outflows continuing, and the company waiting on interest rate cuts to drive earnings growth from here. Amidst the impact of higher interest rates and deposit migration, the company is looking to ...

Loading...Loading...The Charles Schwab Corporation SCHW posted better-than-expected reported second-quarter results on Tuesday.Adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. Revenue rose 1% to $4.69 billion, beating the consensus of $4.68 billion. Asset management and administration fees rose 18% Y/Y to $1.38 billion.The company's new brokerage accounts increased 4% Y/Y to 35.6 million.Walt ...