



Charles Schwab shares rise on solid Q3 print

Investing.comOct 15, 2024 12:53 PM

Charles Schwab (NYSE:SCHW) posted earnings and revenue for the fiscal Q3 above analyst expectations, sending its shares rising more than 7% in premarket trading Tuesday.

The financial services firm reported adjusted earnings per share (EPS) of $0.77, topping the average analyst estimate of $0.75.

Quarterly revenue hit $4.85 billion, also higher than the consensus estimate of $4.77 billion.

Total net new assets were reported at $90.8 billion, while total client assets jumped 27% year-over-year to a record $9.92 trillion, ahead of the estimated $9.75 trillion.

"Our momentum with clients continues to build following the successful completion of the Ameritrade conversion earlier this year," said Walt Bettinger, co-chairman and CEO of Charles Schwab.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Popular Instruments

Recommended Articles

Should Nvidia Stock Investors Be Worried About Huawei's Artificial Intelligence (AI) Development?

In today's video, I discuss Nvidia (NASDAQ: NVDA) and whether artificial intelligence (AI) stock investors should be concerned. To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of April 28, 2025.

Ahead of Berkshire’s Annual Meeting: How Did Buffett Make $20B in a Weak Market?

Tradingkey - As of April 29, Berkshire Hathaway (BRK.A) shares have surged 17.4% year-to-date, beating the broader market by a wide margin. Meanwhile, the S&P 500 has fallen 5.2%, while the Nasdaq Composite saw a maximum drawdown of 9.4%.

Starbucks (SBUX): Q2 Numbers Look Worse than the Reality Actually Is, but Need to See More Drop in Price to become Attractive

TradingKey - Disappointing results but a change in the strategy towards ramping up hiring may pay off with higher growth and winning back market share (of course, at the expense of profitability). The current valuation of 25x 2026 expected earnings not enticing, better stay on the sideline with...

Should Investors Buy Intel Stock on the Dip?

Intel's (NASDAQ: INTC) new CEO told investors that the turnaround will take time.*Stock prices used were the afternoon prices of April 24, 2025. The video was published on April 26, 2025.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks...

10 High-Potential Stocks You Can't Afford to Ignore

Is the current dip a potential entry point to buy in before new highs? What’s the long-term cause and effect of Trump’s tariffs & Fed cuts? And most importantly, what does this all mean for investors in 2025?