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Charles Schwab First Quarter 2024 Earnings: EPS Beats Expectations
Charles Schwab (NYSE:SCHW) First Quarter 2024 Results
Key Financial Results
- Revenue: US$4.74b (down 7.3% from 1Q 2023).
- Net income: US$1.25b (down 18% from 1Q 2023).
- Profit margin: 26% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.69 (down from US$0.84 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Charles Schwab EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 1.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Charles Schwab that you should be aware of.
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About NYSE:SCHW
Charles Schwab
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally.
Average dividend payer with moderate growth potential.