SCHW Stock Recent News

Charles Schwab shares surged over 6% after reporting better-than-expected Q3 earnings, showcasing robust, mid-single digit top line momentum. The brokerage achieved $1.41B in earnings with a 25% Y/Y growth rate and expanded profit margins, driven by a growing asset base. Client assets grew to $9.92T with 27% Y/Y growth, and core net new assets reached $95.3B, showing 109% Y/Y growth in Q3'24.

Charles Schwab NYSE: SCHW had a solid quarter, outpacing expectations and issuing favorable guidance. Still, its stock price may only increase slightly because of the analyst and sell-side activity this year.

The brokerage said it is seeing increased inflows into its wealth-management offerings.

Better-than-expected earnings results drove the stock higher today.

The Charles Schwab Corporation (NYSE:SCHW ) Q3 2024 Earnings Conference Call October 15, 2024 8:30 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walter W. Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Michael Verdeschi - New Chief Financial Officer Peter Crawford - Managing Director Conference Call Participants Ken Worthington - JP Morgan Alexander Blostein - Goldman Sachs Brennan Hawken - UBS Dan Fannon - Jefferies Kyle Voigt - KBW Steven Chubak - Wolfe Research Brian Bedell - Deutsche Bank Michael Cyprys - Morgan Stanley Operator Good morning, everyone, and welcome to Schwab's 2024 Fall Business Update.

Charles Schwab (SCHW) shares soared Tuesday as the financial services company reported better third-quarter results than analysts had expected, and also lifted its projections for full-year revenue.

SCHW's third-quarter 2024 results rise on the back of higher revenues and client assets. However, higher funding costs and adjusted expenses remain spoilsport.

Walt Bettinger, outgoing Charles Schwab CEO, and Rick Wurster, incoming Charles Schwab CEO, join 'Money Movers' to discuss the company's quarterly earnings results, if the company can declare victory over its cash sorting issues, and much more.

Bank stocks surged Tuesday as several major financial institutions reported earnings, as the group gets a boost from lower interest rates.

The Charles Schwab Corporation (SCHW) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.77 per share a year ago.