|Bid||55.000 x 500|
|Ask||55.960 x 100|
|Day's Range||55.251 - 55.580|
|52 Week Range||37.630 - 58.110|
|PE Ratio (TTM)||34.45|
|Earnings Date||Jul 16, 2018 - Jul 20, 2018|
|Forward Dividend & Yield||0.40 (0.75%)|
|1y Target Est||60.31|
Apr.19 -- Kathy Jones, chief fixed income strategist at Charles Schwab, discusses the economic impact of narrowing yield spreads. She speaks on "Bloomberg Daybreak: Americas."
Charles Schwab (SCHW) generated total net revenues amounting to $2.39 billion in 1Q18 compared to $2.08 billion in 1Q17. However, in 4Q17, total net revenues were $2.24 billion. The company’s asset management and administration fees amounted to $851 million in 1Q18, a rise of 3% year-over-year thanks to the increased balances in equity and bond funds as well as advised solutions. However, ETFs also saw higher balances, which also contributed to the higher total net revenues in 1Q18.
Charles Schwab (SCHW) has a price-to-earnings ratio of 20.80x on an NTM (next-12-month) basis, which implies a premium valuation, as the average for competitors is 11.30x. Morgan Stanley (MS), Wells Fargo (WFC), and Raymond James Financial (RJF) have price-to-earnings ratios of 11.26x, 10.55x, and 12.10x, respectively, on an NTM basis.
Charles Schwab’s (SCHW) total expenses excluding interest amounted to $1.4 billion in 1Q18, which implies a rise sequentially and YoY (year-over-year). Charles Schwab’s compensation and benefits expenses amounted to $770 million in 1Q18 compared to $711 million in 4Q17, which implies an 8% increase. Charles Schwab incurred professional services expenses amounting to $156 million in 1Q18, while in 1Q17, it incurred $133 million, a rise of 17%.
Charles Schwab (SCHW) ended 1Q18 with total client assets amounting to $3.3 trillion, a fall compared to 4Q17 but a rise on a year-over-year basis. In 1Q18, the company posted total proprietary mutual funds amounting to $228.4 billion, while in 4Q17, the figure stood at $246.1 billion. This decline was mainly because of a fall in money market funds from $163.6 billion in 4Q17 to $145 billion in 1Q18.
Charles Schwab (SCHW) posted earnings per share (or EPS) of $0.55 in 1Q18, which exceeded expectations by $0.02. Brokerages (XLF) have benefitted from market volatility, as it prompts customers to increase trading activity.
Futures were mixed as the 10-year Treasury yield kept rising after hitting a four-year high Friday. Google-parent Alphabet, TD Ameritrade report earnings Monday.
TD Ameritrade reports earnings on Monday, and Zacks Investment Research says it may beat Wall Street views.
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.10 per common share. The dividend is payable May 25, 2018 to stockholders of record as of the close of business on May 11, 2018.
E-Trade Financial beat earnings estimates after the close Thursday, days after Interactive Brokers and Charles Schwab topped views.
Tax refunds might seem like a windfall, but according to the Charles Schwab Foundation, it really means you are overpaying the IRS.
In honor of Financial Literacy Month in April, Boys & Girls Clubs of America and Charles Schwab Foundation selected teen Arianna Akinwunmi from Frisco, Texas to serve as the 2018 National Ambassador for the Money Matters financial education program and receive a $5,000 scholarship.
E*TRADE reports fiscal first quarter earnings after the close of regular trading, and with volatility and interest rates on the rise, it is expected to post solid results. At least that's the view of Trefis, the platform created by a team of MIT engineers and Wall Street analysts that helps investors understand how companies' products affect share prices thinks. In a research report, Trefis said that it expects earnings per share to grow by 13% and revenue to increase more than 50% at E*TRADE Financial Corporation ( ETFC) in 2018.
Kathy Jones, chief fixed income strategist at Charles Schwab, discusses the economic impact of narrowing yield spreads. She speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Charles Schwab was the first discount brokerage to report quarterly results this week, proving that market volatility is a good thing for its business. While increased volatility in the stock market is supposed to boost the fortunes of the online brokerages as investors see more opportunities to make money, TD Ameritrade Holding Corporation ( AMTD) recently sent mixed messages when it reported that its Investor Movement Index (IMX) dropped 12% in March, hitting its lowest point in close to two years.
With lofty valuations the norm heading into 2018, Charles Schwab's Chief Market Strategist Liz Ann Sonders said that a dent in investor optimism could prove to be helpful to the stock market. Heading into 2018, investors had grown accustomed to stocks moving higher seemingly every month with little in terms of volatility. February marked a turning point, with volatility back with a vengeance and equities hitting correction levels.
Interactive Brokers reported better-than-expected earnings late Tuesday after the stock broke out into a buy zone. E-Trade Financial is still in buy range as it gears to report Thursday.
U.S. stock markets surged in the first trading day of the week driven by robust first-quarter 2018 earnings results and easing of geopolitical tensions at least for the time being
The S&P 500’s top gainers on April 16 were: JB Hunt Transport (JBHT) gained 6.2%. CVS (CVS) gained 4.2%. Ecolab (ECL) gained 4.1%. Nielsen Holdings (NLSN) gained 4.1%. Charles Schwab (SCHW) gained 4%. JB Hunt Transport Services