Published on 10 Apr 2024 on Zacks via Yahoo Finance
Lower Market Volatility to Hurt Schwab's (SCHW) Q1 Earnings
Charles Schwab SCHW is scheduled to report first-quarter 2024 results on Apr 15, before market open. Its revenues and earnings in the quarter are expected to have declined on a year-over-year basis.In the fourth quarter of 2023, Schwab’s earnings beat the Zacks Consensus Estimate. Results benefited from the solid performance of the asset management business. Also, the absence of fee waivers and solid brokerage account numbers acted as tailwinds. However, a fall in revenues due to higher funding costs and lower volatility posed a major headwind.The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters.
The Charles Schwab Corporation Price and EPS Surprise