- Schwab’s adjusted EPS for Q2 is 73 cents, beating the estimate of 72 cents.
- Reported EPS stands at 66 cents.
- Net revenue met expectations at $4.69 billion.
- Total net new assets were $74.2 billion, slightly below the estimate of $75.91 billion.
- Daily average trades reached 5.49 million, surpassing the estimate of 5.43 million.
- Revenue per trade was $2.25, higher than the estimated $2.23.
- Net interest revenue fell short at $2.16 billion, compared to the estimate of $2.19 billion.
- Bank deposit account fees were $153 million, below the estimate of $161.2 million.
- Trading revenue came in at $777 million, beating the estimate of $762.5 million.
- Asset management and administration fees were $1.38 billion, slightly less than the estimated $1.4 billion.
- Bank deposits totaled $252.4 billion, under the estimate of $257 billion.
- Total client assets were $9.41 trillion, exceeding the estimate of $9.36 trillion.
- New brokerage accounts numbered 985,000, falling short of the estimate of 1.04 million.
- Total active brokerage accounts reached 35.61 million, slightly above the estimate of 35.59 million.
- Analyst recommendations: 19 buys, 5 holds, and 2 sells.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Schwab (Charles) shows a promising long-term outlook. With respectable scores in Growth, Resilience, and Momentum, the company is positioned well for future success. A higher score in Momentum indicates strong upward movement and market interest, while solid scores in Growth and Resilience further bolster Schwab’s prospects.
Despite average scores in Value and Dividend, Schwab (Charles) remains a solid choice for investors seeking growth potential. As a provider of various financial services to a wide range of clients, including individual investors and institutions, Schwab’s diverse offerings and market presence provide a foundation for continued growth and stability in the long run.
Summary: The Charles Schwab Corporation offers a range of financial services to individual investors, independent managers, and institutions across the US, Puerto Rico, and the UK, positioning itself as a significant player in the financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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