- Charles Schwab’s adjusted earnings per share (EPS) for Q1 is $1.04, beating the estimate of $1.00.
- Reported EPS stands at 99 cents.
- Net revenue reached $5.60 billion, surpassing the estimated $5.52 billion.
- Total net new assets captured during the quarter amounted to $132.4 billion.
- Core net new assets from clients were $137.7 billion.
- Daily average trades were recorded at 7.39 million, above the estimated 7.17 million.
- Revenue per trade was slightly under the estimate, at $2.05 compared to the expected $2.13.
- Net Interest revenue totaled $2.71 billion, beating the estimate of $2.64 billion.
- Bank deposit account fees came in at $245 million, slightly below the estimated $251.8 million.
- Trading revenue was $908 million, underperforming the expectation of $931.4 million.
- Asset management and administration fees slightly exceeded estimates, at $1.53 billion compared to $1.51 billion.
- Bank deposits were at $246.2 billion, failing to meet the estimate of $254.77 billion.
- Total client assets were reported to be $9.93 trillion, just below the expected $10.02 trillion.
- New brokerage accounts opened were 1.18 million, above the forecast of 1.13 million.
- Total active brokerage accounts were 37.01 million, surpassing the estimate of 36.88 million.
- Analyst sentiment includes 21 buy ratings, 2 hold ratings, and 3 sell ratings.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The Charles Schwab Corporation, a leading provider of financial services, has received impressive Smart Scores indicating a positive long-term outlook. With high scores in Resilience and Momentum, the company is positioned well for sustained growth and stability. Despite average scores in Value and Growth, Schwab’s strong Dividend score suggests a commitment to rewarding shareholders. This mix of factors paints a promising picture for the company’s future performance.
Offering a variety of financial services to a wide range of clients, including individual investors and institutions, Charles Schwab Corporation continues to demonstrate resilience and momentum in the market. While the company may not excel in all areas, its ability to weather challenges and maintain strong forward momentum sets a solid foundation for long-term success. Investors may find Schwab’s balanced scores a compelling indicator of its overall strength in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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