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Stock impact report

Record Revenues, Strong Client Engagement Drive Schwab's Q1 Earnings [Yahoo! Finance]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Yahoo! Finance
The top line, however, missed the Zacks Consensus Estimate of $6.52 billion. This weaker-than-expected revenue performance was the main reason behind 7.6% fall in Schwab shares during yesterday's trading. Nonetheless, supported by massive revenues and manageable expenses, SCHW's adjusted earnings per share soared 38% from the prior-year quarter to $1.43. It surpassed the consensus estimate of $1.39. The Charles Schwab Corporation Price, Consensus and EPS Surprise The Charles Schwab Corporation price-consensus-eps-surprise-chart | The Charles Schwab Corporation Quote Primary Drivers of Schwab's Q1 Revenue Growth Solid net new assets: Schwab attracted $139.9 billion in core net new assets during the quarter. Excluding a planned mutual fund clearing client deconversion, assets gathered were $158 billion, marking an annualized growth of 5.4%. The surge was driven by organic client growth and sustained transfers from competitors. This lifted the total client assets to $11.77 tr Show less Read more
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