SCHW Stock Recent News

WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation announced several executive transitions as part of the firm's long-term succession planning strategy.

Charles Schwab Corp. SCHW, -1.85% said Tuesday said clients drew down their accounts in April from the previous month as they pulled out money for taxes. Transactional sweep cash fell by 3% to end April 2024 at $387.7 billion, due to “client tax disbursements and seasonal advisory fee payments.

Social media influencers are boasting less of an impact on retail investors' decision-making in the UK as market uncertainty has grown, research has found. These so-called finfluencers, who give financial advice on social media, have become a declining source of information since the end of 2021, Charles Schwab found in a report.

Zacks.com users have recently been watching Charles Schwab (SCHW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Charles Schwab has historically relied on low-cost deposits to fund its business. From August 2022 through April 2023, the financial services company saw deposits decline by nearly $50 billion.

There aren't many constants on Wall Street, but one is bank stocks paving the way for the new cycle of quarterly reports. They always offer investors a sneak peek of what to expect each earnings season. One of the first to enter the ring is usually Charles Schwab (SCWH), which took a haircut back in January on the back of a disappointing fourth quarter whiff. This time around, the banking giant's first-quarter earnings and revenue outpaced estimates, despite both figures declining sharply year-over-year.

Schwab's quarter was a slight beat, with revenue down year over year. Management is upbeat about the quarters to come thanks to strong growth in retail accounts.

Shares of Charles Schwab (SCHW) rose 4% in early trading Monday after the discount brokerage and financial advisory firm reported better-than-expected results because of “an improved macroeconomic environment.”

The Charles Schwab Company NYSE: SCHW can hit new highs, not just a new weekly or monthly high but a new multi-year high with the potential for a new all-time high. The last year was challenging for the business and investors with the banking crisis, shaken investor sentiment, and tightened fiscal policy to impact results.

Although the revenue and EPS for Charles Schwab (SCHW) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.