Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected first-quarter sales results on Monday.
Charles Schwab reported a first-quarter 2024 adjusted net income decline of 17% Y/Y to $1.469 billion. Adjusted EPS fell 20% Y/Y to 74 cents, which came in line with the consensus. Revenue fell 7% to $4.74 billion, marginally beating the consensus of $4.71 billion, according to data from Benzinga Pro.
The company added 1 million new brokerage accounts to increase the total client base to 35.3 million (+3% Y/Y).
Walt Bettinger, Co-Chairman and CEO, said, “Momentum across our array of wealth solutions continued through the first quarter. Led by record flows into our premier fee-based solution, Schwab Wealth Advisory™, net inflows increased 60% versus the prior year period.”
Charles Schwab shares gained 1.7% to close at $71.23 on Monday.
These analysts made changes to their price targets on Charles Schwab following earnings announcement.
Read This Next: Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks With Over 4% Dividend Yields
Posted In: SCHW