The Charles Schwab Corporation (NYSE:SCHW) is expected to report third quarter earnings results, before market open, on Thursday 15th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.46 per share.
Looking ahead, the full year income are expected at $ 1.96 per share on the revenues of $ 11290.00 million.
Previous Quarter Performance
The Charles Schwab Corporation posted income for the second quarter of $ 0.54 per share, from the revenue of $ 2,450.00 million. The quarterly earnings dropped 18.18 percent while revenues reduced 8.62 percent compared with the same quarter last year.
Wall street analysts are predicting, SCHW to report 2Q20 income of $ 0.52 per share from revenue of $ 2467.98 million. The bottom line results beat street analysts by $ 0.02 or 3.85 percent, at the same time, top line results fell short of analysts by $ 17.98 million or 0.73 percent.
Stock Performance
Shares of The Charles Schwab Corporation traded low $ -0.49 or -1.30 percent on Wednesday, reaching $ 37.12 with volume of 8.14 million shares. The Charles Schwab Corporation has traded high as $ 37.94 and has cracked $ 37.01 on the downward trend
According to the previous trading day, closing price of $ 37.12, representing a 34.32 % increase from the 52 week low of $ 28.00 and a 27.18 % decrease over the 52 week high of $ 51.65.
The company has a market capital of $ 69.59 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 51.00 target price.
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
