Shares of Charles Schwab SCHW dropped around 5% after the company reported Q1 results.
Quarterly Results
Earnings per share were down 10.14% year over year to $0.62, which were in line with the estimate of $0.62.
Revenue of $2,617,000,000 lower by 3.89% from the same period last year, which beat the estimate of $2,610,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Charles Schwab hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Jan 16, 2020
Time: 08:01 AM ET
Webcast URL: https://www.aboutschwab.com/investors
Recent Stock Performance
52-week high: $51.65
52-week low: $28.00
Price action over last quarter: down 26.04%
Company Profile
Based in San Francisco, Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website. It also operates a bank and a proprietary mutual fund business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $3 trillion of client assets. Nearly all of its revenue is from the United States.
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