Charles Schwab reported its first-quarter earnings, revealing a mix of results that saw the company's profits fall by 15% due to higher interest payouts on client deposits and borrowings. Despite this, the company achieved a slight increase in revenue, totaling $4.74 billion, slightly above the estimated $4.71 billion. Adjusted earnings per share met expectations at $0.74. The firm also reported a decrease in net new assets, totaling $88.2 billion against an estimate of $91.18 billion, and bank deposits of $269.5 billion. However, the total client assets were higher than expected at $9.12 trillion, contributing to a market cap of $127.94 billion. The company's stock experienced a slight decline in pre-market trading by 1.4%, even as it opened over 1 million new brokerage accounts during the quarter.
Charles Schwab’s first-quarter profit drops on higher interest payouts https://t.co/STPEm4vhsb
⚠️ CHARLES SCHWAB'S PROFIT DROPS ON HIGHER INTEREST PAYOUTS Full Story → https://t.co/ri8Vr6i8AL Charles Schwab's first-quarter profit fell 15% as higher interest on clients' deposits and its borrowings offset gains from a surge in asset management fees, the brokerage said on… https://t.co/zbCipsd0wh
Top Earnings Mon 4/15 Aft: $CFB $CXAI $DFLI $FBK $MITK $SGBX $SKIL $VUZI . Top Earnings Tu 4/16 Pre: $BAC $BK $CBSH $ERIC $JNJ $MBWM $MS $NTRS $PNC $UNH
$SCHW (-1.9% pre) Schwab Revenue Tops Estimates Even as Net New Assets Decline - BBG https://t.co/q2P3uLqXTB
Charles Schwab with double beat. CFO: "Against an improved macro backdrop, clients entrusted us with $96B in core net new assets – including $45B in March alone...solid investor engagement contributed to over 1M new brokerage account openings during Q1 24" $SCHW: -1.4% PM https://t.co/CXLKhrUEvp https://t.co/IgJyk4mn8X
Schwab’s first-quarter net revenue topped estimates as the retail brokerage tries to put last year’s turbulence behind it. https://t.co/pznpSBgBKu
Charles Schwab’s stock edges up after earnings fall, but just top expectations https://t.co/kxAdKcdriV
$SCHW | Charles Schwab Q1 24 Earnings: - Adj EPS: $0.74 (est $0.74) - Revenue: $4.74B (est $4.71B) - Total Net New Assets $88.2B (est $91.18B) - Bank Deposits $269.5B (est $270.52B) - Total Client Assets $9.12T (est. $9.02T)
💰 Charles Schwab $SCHW EPS. vs Forecast 0.74 / 0.73 🟢 Rev. vs Forecast 4.74B / 4.7B 🟢 Market Cap: 127.94B
$SCHW earnings Analysts estimate $4.73B in revenue (-7.54% YoY) and $0.74 in earnings per share (-20.43% YoY). https://t.co/yuqXb8yRt0
U.S. Earnings Expected: Monday, April 15 - Wednesday, April 17 https://t.co/OymEK5DiQU
The Earnings Season Is Back! Here are the top earnings this week: Monday: Charles Schwab and Goldman Sachs. Tuesday: United Health, BofA, BNY Mellon, Johnson & Johnson, Commerce Bancshares, Morgan Stanley, Nothern Trust, Interactive Brokers, United Airlines, and PNC.…
This week in earnings: $GS $MS $BAC $UNH $ASML $INFY $AA $ISRG $OTRK $NOK $JNJ $BK $FBK $PLD $LBRT $KEY $ALK $ELV $AXP $DFS $TCBI $IBKR $PNC $GNTY $LVS $UAL $KMI $CSX $NOK $TSM $MTB $ABT $TRV $SCHW $OMC $SNV $ALYY $PPG $INSE $JBHT $WIT $SLB $NFLX $USB https://t.co/wq57UnHAd5
Charles Schwab Reports Earnings Monday. Here Are the Key Metrics to Watch. https://t.co/OGeg4P7MDl
Major Earnings Releases W/C 15th Monday April 2024: $GS $SCHW $UNH $JNJ $BAC $MS $UAL $ABT $CSX $NFLX $BX $DHI $PG $AXP $SLB https://t.co/mFOJhSFmEI
Netflix, Goldman Sachs, United Airlines, Bank of America, and More Stocks to Watch This Week https://t.co/gixTv49ubn
🇺🇸EARNINGS THIS WEEK: -NETFLIX -TAIWAN SEMI -ASML -BANK OF AMERICA -GOLDMAN SACHS -MORGAN STANLEY -BLACKSTONE -PNC FINANCIAL -US BANCORP -CHARLES SCHWAB -INTERACTIVE BROKERS -AMERICAN EXPRESS -JOHNSON & JOHNSON -UNITEDHEALTH GROUP -PROCTER & GAMBLE -UNITED AIRLINES -LAS VEGAS… https://t.co/Dqt4P6e6O6