Profile
Sector:
Financial ServicesIndustry:
Capital MarketsCountry:
United StatesIPO:
22 September 1987Website:
http://www.schwab.comNext earnings report:
17 January 2025Last dividends:
09 August 2024Next dividends:
08 November 2024Price
pre-market | 31 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
SCHW Latest News
Charles Schwab is implementing some difficult but essential adjustments to its operations.
Charles Schwab's stock rose more than 6% after it announced Q3 earnings that exceeded expectations, reflecting strong growth in revenue. The brokerage reported earnings of $1.41 billion, a 25% increase from the previous year, along with improved profit margins due to a larger asset base. Client assets increased to $9.92 trillion, marking a 27% year-over-year growth, while core net new assets reached $95.3 billion, showing a remarkable 109% growth in Q3'24.
Charles Schwab NYSE: SCHW performed well this quarter, exceeding expectations and providing positive forecasts. However, its stock price might only rise a little due to the actions of analysts and sellers this year.
The stock rose today due to earnings results that were better than anticipated.
The Charles Schwab Corporation (NYSE:SCHW) will hold its Q3 2024 Earnings Conference Call on October 15, 2024, at 8:30 AM ET. Participants from the company include Jeff Edwards, Walter W. Bettinger, Rick Wurster, Michael Verdeschi, and Peter Crawford. Analysts from various firms such as JP Morgan, Goldman Sachs, and Deutsche Bank will also be joining the call.
On Tuesday, shares of Charles Schwab (SCHW) jumped after the financial services firm announced third-quarter results that exceeded analysts' expectations. Additionally, the company raised its revenue forecasts for the entire year.
On Tuesday, bank stocks rose sharply after several large financial institutions announced their earnings. This increase is partly due to the benefits of lower interest rates for the sector.
The Charles Schwab Corporation (SCHW) reported quarterly earnings of $0.77 per share, which is higher than the Zacks Consensus Estimate of $0.75 per share. This is the same as the earnings of $0.77 per share from the previous year.
WESTLAKE, Texas--(BUSINESS WIRE)--Schwab has announced that its total client assets have risen by 27% compared to last year, reaching a new high of $9.92 trillion.
SCHW's results for the third quarter of 2024 improved due to increased revenues and client assets. However, higher funding costs and adjusted expenses are still a concern.
What type of business is Charles Schwab?
Charles Schwab Corporation is an American financial company headquartered in San Francisco, California, providing its clients with investment, brokerage, and other financial services. It was founded in 1971. The company's activities are divided into two business segments: Investor Services - providing retail brokerage and banking services, pension plan services, and other corporate brokerage services for individual investors; Advisor Services - providing custodial, trading, banking, and support services, among others.
What sector is Charles Schwab in?
Charles Schwab is in the Financial Services sector
What industry is Charles Schwab in?
Charles Schwab is in the Capital Markets industry
What country is Charles Schwab from?
Charles Schwab is headquartered in United States
When did Charles Schwab go public?
Charles Schwab initial public offering (IPO) was on 22 September 1987
What is Charles Schwab website?
https://www.schwab.com
Is Charles Schwab in the S&P 500?
Yes, Charles Schwab is included in the S&P 500 index
Is Charles Schwab in the NASDAQ 100?
No, Charles Schwab is not included in the NASDAQ 100 index
Is Charles Schwab in the Dow Jones?
No, Charles Schwab is not included in the Dow Jones index
When was Charles Schwab the previous earnings report?
No data
When does Charles Schwab earnings report?
The next expected earnings date for Charles Schwab is 17 January 2025