Charles Schwab (SCHW) Stock

Liz Ann Sonders, the chief investment strategist at Charles Schwab, appears on 'The Exchange' to talk about the markets and what investors can anticipate in the future regarding stocks.

Rick Wurster, the president of Charles Schwab (SCHW) and future CEO, speaks with Yahoo Finance reporter Rachelle Akuffo at the 2024 Schwab IMPACT conference about his plans for the company. He is set to take over as CEO on January 1, 2025.

Liz Ann Sonders, the chief investment strategist at Charles Schwab, appears on 'Closing Bell' to talk about possible challenges and drivers for the market rally.

Charles Schwab Corporation (NYSE:SCHW) shares have dropped by 1.1%, currently trading at $80.46. This decline comes after reaching a high of $81.39 yesterday, which was the highest point since January 2023.

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.