Charles Schwab (SCHW) EPS edges past estimates, revenue up sequentially but dips YoY

Charles Schwab Corp. (SCHW) PT Raised to $85 at Piper Sandler

Piper Sandler analyst Patrick Moley raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $85.00 (from $78.00) while maintaining a Overweight rating.

The analyst comments "Net revenues of $4.74B were $45M (~1%) above our estimate (+$0.02 EPS) with NII, Asset Management, BDA fees & Trading... More

Charles Schwab Corp. (SCHW) PT Raised to $70 at BofA Securities

BofA Securities analyst Craig Siegenthaler raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $70.00 (from $68.00) while maintaining a Underperform rating.

The analyst comments "2024 has provided a strong macroeconomic backdrop for the brokers with rising equity markets, expectation of fewer Fed cuts and rebounding retail... More

Charles Schwab Corp. (SCHW) PT Raised to $76 at Goldman Sachs

Goldman Sachs analyst Alexander Blostein raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $76.00 (from $72.00) while maintaining a Neutral rating.

The analyst comments "Following 1Q24 results, we raise our 2024/25/26 EPS estimates to $3.39/$4.23/$5.24 from $3.31/$4.13/$5.06 to reflect a higher forward curve and further moderation in deposit outflows, resulting... More

Wolfe Research First Take on Charles Schwab Corp. (SCHW): 'The Rising Tides of March'

Wolfe Research analyst Steven Chubak reiterated an Outperform rating and $84.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "SCHW reported 1Q24 operating EPS of $0.74, which compares to our est. of $0.73 and cons. $0.73. Versus our estimate, the beat was driven by... More

Deutsche Bank on Charles Schwab Corp. (SCHW): 'good 1Q w/strong March NNA & mild deposit runoff'

Deutsche Bank analyst Brian Bedell reiterated a Buy rating and $84.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "We view SCHW's 1Q EPS as relatively good, with total net revenue of $4.740bn above our estimate of $4.717bn and Consensus of $4.714bn, and above mgmt.'s guidance of 5-6% sequential growth. Net interest revenue of $2.233bn was just above our $2.225bn estimate ($2.227bn Consensus). Asset management & admin fees of $1.348bn was higher than our $1.326bn estimate ($1.318bn Consensus). BDA... More

Goldman Sachs First Take on Charles Schwab Corp. (SCHW): 'In-line results, but continued improvement in March KPIs supports EPS re-acceleration story'

Goldman Sachs analyst Alexander Blostein reiterated a Neutral rating and $72.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "SCHW reported 1Q24 Adjusted EPS of $0.74, in line with Visible Alpha Consensus Data at $0.74 (GSe at $0.72). Relative to Consensus, total net... More

Charles Schwab revenue beats estimates on higher asset management fees

(Reuters) -Charles Schwab's first-quarter revenue exceeded Wall Street estimates on Monday, helped by a jump in asset management fees and client assets rising to a record high, sending its shares up about 3%.

Still, overall profit at the brokerage shrank 15% to $1.36 billion on higher interest paid on client deposits and its own borrowings.

"Against an improved macroeconomic backdrop, clients entrusted us with $96 billion in core net new assets - including $45 billion in March alone,"... More

Charles Schwab (SCHW) Tops Q1 EPS by 1c

Charles Schwab (NYSE: SCHW) reported Q1 EPS of $0.74, $0.01 better than the analyst estimate of $0.73. Revenue for the quarter came in at $4.74 billion versus the consensus estimate of $4.7 billion.

For earnings history and earnings-related data on Charles Schwab (SCHW) click here.

Charles Schwab (SCHW) April option implied volatility into the quarter results

Charles Schwab (NYSE: SCHW) April call option implied volatility is at 50, May is at 32; compared to its 52-week range of 24 to 57 into the expected release of quarter results before the bell on April 15.

Charles Schwab Corp. (SCHW) PT Raised to $78 at Piper Sandler

Piper Sandler analyst Patrick Moley raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $78.00 (from $75.00) while maintaining a Overweight rating.... More