Charles Schwab (SCHW) Misses Q4 EPS by 2c

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Go back to Charles Schwab (SCHW) Misses Q4 EPS by 2c

BofA double-downgrades Charles Schwab (SCHW) to Underperform

January 19, 2023 7:51 AM EST

BofA Securities downgraded The Charles Schwab Corp (NYSE: SCHW) to an Underperform rating (from Buy) and cut the stocks price target to $75.00 (from $92.00) as investor forecasts show potential for continued elevated client cash sorting in 1H23, as well as an end to the Feds interest rate hiking cycle by this summer.

BoA lowered 2023-24 EPS... More

Charles Schwab (SCHW) shares slide as earnings, revenue miss estimates

January 18, 2023 11:06 AM EST

Charles Schwab (NYSE: SCHW) shares tumbled Wednesday after the company missed earnings and revenue expectations in its fiscal fourth quarter.

The financial services firm reported earnings of $1.07 per share on revenue of $5.5 billion. Analysts expected earnings of $1.09 per share on revenue of $5.56... More