The Charles Schwab Corporation (SCHW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +4.4% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Financial - Investment Bank industry, to which Charles Schwab belongs, has gained 0.3% over this period. Now the key question is: Where could the stock be headed in the near term ...

Charles Schwab's bank account deposits declined substantially during the Federal Reserve's aggressive interest-rate-hiking campaign. Here's the latest update on their current situation.One year ago, deposit outflows became a real problem for banks, and a few failed because of it. One financial company that struggled with falling deposits is Charles Schwab (SCHW 0.13%). That's because rising interest rates have made it more attractive for investors to move their money into higher-yielding alternatives. Inves ...

Subscribers to Chart of the Week received this commentary on Sunday, April 21.There aren’t many constants on Wall Street, but one is bank stocks paving the way for the new cycle of quarterly reports. They always offer investors a sneak peek of what to expect each earnings season. One of the first to enter the ring is usually Charles Schwab (SCWH), which took a haircut back in January on the back of a disappointing fourth quarter whiff. This time around, the banking giant’s first-quarter earnings and revenue ...

Exhibit 99.1 SCHWAB REPORTS FIRST QUARTER RESULTS March Core Net New Assets Equaled $45 Billion – Annualized Growth Rate of 6% Total Client Assets Reached A Record $9.1 Trillion, Up 20% Year-Over-Year Expanded Profitability With GAAP Pre-Tax Margin of 37.9%; 40.9% Adjusted (1) WESTLAKE, Texas, April 15, 2024 – The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 dilu ...

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, ...