The Charles Schwab Corporation (SCHW - Free Report) reported $4.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 18.9%. EPS of $0.68 for the same period compares to $1.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.43 billion, representing a surprise of +0.70%. The company delivered an EPS surprise of +4.62%, with the consensus EPS estimate being $0.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Charles Schwab Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total client assets: $8,500 billion compared to the $8,144.44 billion average estimate based on six analysts.
- Net interest margin: 1.9% versus the five-analyst average estimate of 2%.
- Clients daily average trades - Total: 5,192 thousand versus 5,082.9 thousand estimated by five analysts on average.
- Average Interest Earning Assets: $441.34 billion versus the five-analyst average estimate of $440.94 billion.
- Net revenues- Other: $147 million versus $159.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -15.5% change.
- Net revenues- Bank deposit account fees: $174 million versus $181.44 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -50.3% change.
- Net revenues- Net interest revenue: $2.13 billion versus the seven-analyst average estimate of $2.13 billion. The reported number represents a year-over-year change of -29.7%.
- Net revenues- Asset management and administration fees: $1.24 billion compared to the $1.26 billion average estimate based on seven analysts. The reported number represents a change of +18.3% year over year.
- Net revenues- Trading revenue: $767 million versus the seven-analyst average estimate of $737.90 million. The reported number represents a year-over-year change of -14.3%.
- Net revenues- Asset management and administration fees- Schwab money market funds: $299 million versus $293.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +88.1% change.
- Net revenues- Asset management and administration fees- Schwab equity and bond funds, ETFs and collective trust funds (CTFs): $98 million versus the three-analyst average estimate of $96.99 million. The reported number represents a year-over-year change of +14%.
- Net revenues- Asset management and administration fees- Mutual Fund OneSource and other non-transaction fee funds: $188 million compared to the $186.36 million average estimate based on three analysts. The reported number represents a change of +26.2% year over year.
View all Key Company Metrics for The Charles Schwab Corporation here>>>Shares of The Charles Schwab Corporation have returned -7.8% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The Charles Schwab Corporation (SCHW - Free Report) reported $4.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 18.9%. EPS of $0.68 for the same period compares to $1.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.43 billion, representing a surprise of +0.70%. The company delivered an EPS surprise of +4.62%, with the consensus EPS estimate being $0.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Charles Schwab Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total client assets: $8,500 billion compared to the $8,144.44 billion average estimate based on six analysts.
- Net interest margin: 1.9% versus the five-analyst average estimate of 2%.
- Clients daily average trades - Total: 5,192 thousand versus 5,082.9 thousand estimated by five analysts on average.
- Average Interest Earning Assets: $441.34 billion versus the five-analyst average estimate of $440.94 billion.
- Net revenues- Other: $147 million versus $159.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -15.5% change.
- Net revenues- Bank deposit account fees: $174 million versus $181.44 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -50.3% change.
- Net revenues- Net interest revenue: $2.13 billion versus the seven-analyst average estimate of $2.13 billion. The reported number represents a year-over-year change of -29.7%.
- Net revenues- Asset management and administration fees: $1.24 billion compared to the $1.26 billion average estimate based on seven analysts. The reported number represents a change of +18.3% year over year.
- Net revenues- Trading revenue: $767 million versus the seven-analyst average estimate of $737.90 million. The reported number represents a year-over-year change of -14.3%.
- Net revenues- Asset management and administration fees- Schwab money market funds: $299 million versus $293.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +88.1% change.
- Net revenues- Asset management and administration fees- Schwab equity and bond funds, ETFs and collective trust funds (CTFs): $98 million versus the three-analyst average estimate of $96.99 million. The reported number represents a year-over-year change of +14%.
- Net revenues- Asset management and administration fees- Mutual Fund OneSource and other non-transaction fee funds: $188 million compared to the $186.36 million average estimate based on three analysts. The reported number represents a change of +26.2% year over year.
View all Key Company Metrics for The Charles Schwab Corporation here>>>Shares of The Charles Schwab Corporation have returned -7.8% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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