Charles Schwab rises after first-quarter results beat

ReutersApr 17, 2025 4:50 PM

Shares of brokerage Charles Schwab SCHW.K up 3% at $77.99 after Q1 results beat estimates

Co posts Q1 adj. EPS of $1.04, beating estimates of $1.01, according to LSEG data

Q1 revenue of $5.60 bln also above est of $5.51 bln

Upbeat performance in asset management and trading businesses drove 37% jump in quarterly profit

Schwab's asset management and administration fees jump 14% to $1.53 bln

18 analysts rate stock "buy" or higher, three "hold" and two "sell" - LSEG data; median PT at $88

Including session's moves, SCHW up 2.3% YTD

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