- Schwab’s adjusted earnings per share (EPS) for the third quarter beat estimates with a reported 77 cents, surpassing the anticipated 75 cents.
- The company reported earnings per share (EPS) of 71 cents.
- Net revenue came in at $4.85 billion, exceeding the forecast of $4.78 billion.
- Schwab garnered $90.8 billion in total net new assets during the quarter.
- The daily average trades were slightly below expectations at 5.70 million, compared to the estimate of 5.71 million.
- Revenue per trade was $2.20, just below the expected $2.24.
- Net interest revenue surpassed estimates, reaching $2.22 billion against the projected $2.2 billion.
- Bank deposit account fees were reported at $152 million, higher than the estimate of $144.2 million.
- Trading revenue fell short of estimates at $797 million, compared to the projected $814.9 million.
- Asset management and administration fees were $1.48 billion, higher than the estimated $1.44 billion.
- Bank deposits stood at $246.5 billion, surpassing the estimate of $244.88 billion.
- Total client assets totaled $9.92 trillion, above the forecast of $9.75 trillion.
- There were 972,000 new brokerage accounts, which was beneath the anticipated 1.02 million.
- Schwab reported 35.98 million total active brokerage accounts, exceeding the estimate of 35.88 million.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
Charles Schwab Corporation, a prominent financial services provider, seems to have a balanced outlook for the long term according to Smartkarma Smart Scores. With moderate scores across various key factors including Value, Dividend, Growth, Resilience, and Momentum, Schwab is positioned in a stable position. The company offers a range of financial services to different types of investors and institutions, with a presence in multiple locations including the United States, Puerto Rico, and the United Kingdom. This diversified approach likely contributes to its stable Smart Scores across different areas.
Looking ahead, Schwab’s consistent scores across various aspects suggest a well-rounded performance projection. The company’s offerings in securities brokerage, banking, and related financial services cater to the diverse needs of its clients. By maintaining moderate scores in Value, Dividend, Growth, Resilience, and Momentum, Schwab appears to be on a steady path for the future, reinforcing its position as a reliable financial services provider for individual investors and institutions alike.
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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