Charles Schwab Stock (NYSE:SCHW), Trade Ideas

Charles Schwab

Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.

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SCHW

Charles Schwab Corporation (NYSE: SCHW) shares remained volatile in early trading on Tuesday, after the company reported its first-quarter earnings.

Charles Schwab Positions For &#39;More Robust EPS Growth&#39;: Analysts Weigh In On Q1 Results

Markets

Charles Schwab Corporation (NYSE: SCHW) reported better-than-expected first-quarter sales results on Monday.

These Analysts Raise Their Forecasts On Charles Schwab Following Upbeat Earnings

CAVA

NFLX

SMCI

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Super Micro Computer To Rally Around 70%? Here Are 10 Top Analyst Forecasts For Tuesday

Charles Schwab Corporation (The) Common Stock

Charles Schwab Corp

The Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D

The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series J

Schwab 1-5 Year Corporate Bond ETF

Schwab 1000 Index ETF

Schwab 5-10 Year Corporate Bond ETF

Schwab Emerging Markets Equity ETF

Schwab Fundamental Emerging Markets Large Company Index ETF

Schwab Fundamental International Large Company Index ETF

Schwab Fundamental International Small Company Index ETF

Schwab Fundamental U.S. Broad Market Index ETF

Schwab Fundamental U.S. Large Company Index ETF

Schwab Fundamental U.S. Small Company Index ETF

Schwab Intermediate-Term U.S. Treasury ETF

Schwab International Dividend Equity ETF

Schwab International Equity ETF

Schwab International Small-Cap Equity ETF

Schwab Long-Term U.S. Treasury ETF

Schwab Short-Term U.S. Treasury ETF

Schwab Strategic Trust Schwab Ariel ESG ETF

Schwab Strategic Trust Schwab Crypto Thematic ETF

Schwab Strategic Trust Schwab High Yield Bond ETF

Schwab Strategic Trust Schwab Municipal Bond ETF

Schwab U.S. Broad Market ETF

Schwab U.S. Large-Cap ETF

Schwab U.S. Large-Cap Growth ETF

Schwab U.S. Large-Cap Value ETF

Schwab U.S. Mid Cap ETF

Schwab U.S. REIT ETF

Schwab U.S. Small-Cap ETF

Schwab U.S. TIPs ETF

Schwab US Aggregate Bond ETF

Schwab US Dividend Equity ETF

SCHWEITER TECHS AG HORGEN by Schweiter Technologies AG Horgen

Schweiter Technologies AG

SCHWEIZERISCHE NATLBANK by Schweizerische Nationalbank

Schweizerische Nationalbank

Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) has outperformed the market over the past 20 years by 2.45% on an annualized basis producing an average annual return of 10.07%. Currently, Charles Schwab has a market capitalization of $134.44 billion. 
Buying $100 In SCHW: If an investor had bought $100 of SCHW stock 20 years ago, it would be worth $676.33 today based on a price of $73.58 for SCHW at the time of writing.
<h3>Charles Schwab's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713549715_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $700 Today

Financial giants have made a conspicuous bullish move on Charles Schwab. Our analysis of options history for Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $110,608, and 5 were calls, valued at $251,105.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $125.0 for Charles Schwab over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Charles Schwab stands at 886.14, with a total volume reaching 507.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Charles Schwab, situated within the strike price corridor from $60.0 to $125.0, throughout the last 30 days.
<h3>Charles Schwab Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713366982_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.05</td>
<td>$2.92</td>
<td>$3.05</td>
<td>$80.00</td>
<td>$122.0K</td>
<td style="text-align: right;">944</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>SCHW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.0</td>
<td>$77.50</td>
<td>$56.0K</td>
<td style="text-align: right;">184</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.6</td>
<td>$15.4</td>
<td>$15.4</td>
<td>$70.00</td>
<td>$36.9K</td>
<td style="text-align: right;">834</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.6</td>
<td>$15.3</td>
<td>$15.3</td>
<td>$70.00</td>
<td>$35.1K</td>
<td style="text-align: right;">834</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$21.1</td>
<td>$20.05</td>
<td>$20.25</td>
<td>$60.00</td>
<td>$30.3K</td>
<td style="text-align: right;">464</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Charles Schwab</h3>
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
Having examined the options trading patterns of Charles Schwab, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Charles Schwab's Current Market Status</h3>
<ul>
<li>Trading volume stands at 2,624,709, with SCHW's price down by -0.34%, positioned at $72.82.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 90 days.</li>
</ul>
<h3>Professional Analyst Ratings for Charles Schwab</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $77.0.
<ul>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Underperform rating for Charles Schwab, targeting a price of $70. </li>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Charles Schwab with a target price of $77. </li>
<li>An analyst from Piper Sandler persists with their Overweight rating on Charles Schwab, maintaining a target price of $85. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Charles Schwab with a target price of $75. </li>
<li>An analyst from Piper Sandler has decided to maintain their Overweight rating on Charles Schwab, which currently sits at a price target of $78. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Charles Schwab, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Charles Schwab

WIIM

Schwab shares are trading higher after multiple analysts raised their price targets on the stock.

Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) shares remained volatile in early trading on Tuesday, after <a href="https://www.benzinga.com/news/earnings/24/04/38252489/charles-schwab-reports-q1-earnings-what-key-metrics-have-to-say">the company reported its first-quarter earnings</a>.
The results came amid an <a href="https://www.benzinga.com/calendars/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
JPMorgan On Charles Schwab 
Analyst Kenneth Worthington reiterated an Overweight rating while raising the price target from $86 to $89.
Charles Schwab reported its first-quarter earnings at 74 cents per share, &ldquo;a penny ahead of our expectation, with better net interest income and better cost management,&rdquo; Worthington said in a note.
Expenses were lower in the first quarter, driven mainly by compensation, &ldquo;as we think business efficiency efforts from late 2023 showed through,&rdquo; the analyst wrote. &ldquo;The final part of Ameritrade cost synergies remains on track for 2H24, setting up 2025 for another period of no- to low-expense growth,&rdquo; he added.
Piper Sandler On Charles Schwab
Analyst Patrick Moley reiterated an Overweight rating while lifting the price target from $78 to $85.
Charles Schwab reported net revenues of $4.74 billion, &ldquo;with NII, Asset Management, BDA fees &amp; Trading revenues all beating our forecast,&rdquo; Moley said. The firm delivered &ldquo;all around solid metrics for March,&rdquo; he added.
&ldquo;April tax seasonality and&nbsp;the upcoming migration of SCHW&#39;s last tranche of legacy AMTD customers in May will likely weigh on transactional cash balances and NNA growth in the short term, but overall we feel SCHW is very close to the end of its cash sorting and&nbsp;AMTD related customer attrition issues,&rdquo; the analyst further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs On Charles Schwab
Analyst Alexander Blostein maintained a Neutral rating while raising the price target from $72 to $76.
&ldquo;SCHW&rsquo;s core deposits showed stability for the second month in a row, and while we expect deposits to decline amid April tax seasonality and any residual sorting over the next few months, we see a path to a more stable deposit base in 2H24,&rdquo; Blostein wrote in a note.
Despite the &ldquo;encouraging client KPIs and a more favorable macro backdrop,&rdquo; the follow-through to average earning assets (AEA) growth may be limited &ldquo;until wholesale funding balances are paid down,&rdquo; the analyst stated. &ldquo;Still, we continue to see NII inflecting higher, positioning SCHW to a more robust EPS growth from here,&rdquo; he added.
Keefe, Bruyette &amp; Woods On Charles Schwab
Analyst Kyle Voigt reaffirmed a Market Perform rating and price target of $75.
&ldquo;Given strong levels of retail engagement across the industry, our expectation for improved NNA growth in March held true, with SCHW generating core NNA of $45 bln in March specifically,&rdquo; Voigt said. The analyst&nbsp;added, however, that this was expected to &ldquo;drive some modest growth in transactional sweep cash, while fell modestly in the month to $399 billion.
&ldquo;We also expected SCHW to post strong growth in margin balances in March, and this also occurred with margin balances increasing to $68.1 bln at March-end, although this is already relatively in line with our 2Q24 average estimate of $68.3 bln,&rdquo; Voigt further wrote.
SCHW Price Action: Shares of Charles Schwab are up 1.32% to $72.11&nbsp;at the time of publication on Tuesday.
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Photo: Shutterstock

Charles Schwab Positions For 'More Robust EPS Growth': Analysts Weigh In On Q1 Results

TD Cowen analyst Bill Kirk maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Buy and raises the price target from $87 to $92.

TD Cowen Maintains Buy on Charles Schwab, Raises Price Target to $92

JMP Securities analyst Devin Ryan reiterates Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Market Outperform and maintains $80 price target.

JMP Securities Reiterates Market Outperform on Charles Schwab, Maintains $80 Price Target

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Market Perform and raises the price target from $75 to $76.

Keefe, Bruyette & Woods Maintains Market Perform on Charles Schwab, Raises Price Target to $76

Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) reported better-than-expected first-quarter <a href="https://www.benzinga.com/news/earnings/24/04/38252489/charles-schwab-reports-q1-earnings-what-key-metrics-have-to-say">sales results on Monday</a>.
Charles Schwab reported a first-quarter 2024 adjusted net income decline of 17% Y/Y to $1.469 billion. Adjusted EPS fell 20% Y/Y to 74 cents, which came in line with the consensus. Revenue fell 7% to $4.74 billion, marginally beating the consensus of $4.71 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company added 1 million new brokerage accounts to increase the total client base to 35.3 million (+3% Y/Y).
Walt Bettinger, Co-Chairman and CEO, said, &ldquo;Momentum across our array of wealth solutions continued through the first quarter. Led by record flows into our premier fee-based solution, Schwab Wealth Advisory&trade;, net inflows increased 60% versus the prior year period.&rdquo;
Charles Schwab shares gained 1.7% to close at $71.23 on Monday.
These analysts made changes to their price targets on Charles Schwab following earnings announcement.
<ul>
<li>JP Morgan raised the price target on Charles Schwab from $86 to $89. JP Morgan analyst Kenneth Worthington maintained an Overweight rating.</li>
<li>Barclays raised the price target on Charles Schwab from $74 to $75. Barclays analyst Benjamin Budish maintained an Equal-Weight rating.</li>
<li>B of A Securities boosted the price target on Charles Schwab from $68 to $70. B of A Securities analyst Craig Siegenthaler maintained an Underperform rating.</li>
<li>Piper Sandler raised the price target on Charles Schwab from $78 to $85. Piper Sandler analyst Patrick Moley maintained an Overweight rating.</li>
</ul>
&nbsp;
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Deutsche Bank cut the price target for Honeywell International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) from $227 to $215. Deutsche Bank analyst Nicole Deblase downgraded the stock from Buy to Hold. Honeywell shares fell 1.1% to close at $194.04 on Monday. <a href="https://www.benzinga.com/quote/HON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Crown Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cck#NYSE">CCK</a>) from $85 to $90. Baird analyst Ghansham Panjabi upgraded the stock from Neutral to Outperform. Crown Holdings shares fell 1.4% to close at $76.20 on Monday. <a href="https://www.benzinga.com/quote/CCK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG cut D.R. Horton, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) price target from $174 to $169. BTIG analyst Carl Reichardt maintained a Buy rating. D.R. Horton shares fell 1.7% to close at $149.07 on Monday. <a href="https://www.benzinga.com/quote/DHI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised the price target for CAVA Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cava#NYSE">CAVA</a>) from $65 to $74. Wedbush analyst Nick Setyan maintained an Outperform rating. CAVA shares fell 3.1% to close at $61.75 on Monday. <a href="https://www.benzinga.com/quote/CAVA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim boosted Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) price target from $600 to $700. Guggenheim analyst Michael Morris maintained a Buy rating. Netflix shares fell 2.5% to close at $607.15 on Monday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan raised The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) price target from $86 to $89. JP Morgan analyst Kenneth Worthington maintained an Overweight rating. Charles Schwab shares rose 1.7% to close at $71.23 on Monday. See how other analysts view this stock.</li>
<li>Barclays raised the price target for Tyson Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsn#NYSE">TSN</a>) from $53 to $69. Barclays analyst Benjamin Theurer upgraded the stock from Underweight to Overweight. Tyson Foods shares rose 0.6% to close at $58.12 on Monday. <a href="https://www.benzinga.com/quote/TSN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised The Goldman Sachs Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) price target from $450 to $478. B of A Securities analyst Ebrahim Poonawala maintained a Buy rating. Goldman Sachs shares gained 2.9% to close at $400.88 on Monday. <a href="https://www.benzinga.com/quote/GS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup boosted American International Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aig#NYSE">AIG</a>) price target from $79 to $87. Citigroup analyst Michael Ward maintained a Buy rating. AIG shares fell 0.9% to close at $73.05 on Monday. <a href="https://www.benzinga.com/quote/AIG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital raised Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) price target from $600 to $1,500. Loop Capital analyst Ananda Baruah maintained a Buy rating. Super Micro Computer shares fell 1.8% to close at $882.75 on Monday. <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
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Piper Sandler analyst Patrick Moley maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Overweight and raises the price target from $78 to $85.

Piper Sandler Maintains Overweight on Charles Schwab, Raises Price Target to $85

B of A Securities analyst Craig Siegenthaler maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Underperform and raises the price target from $68 to $70.

B of A Securities Maintains Underperform on Charles Schwab, Raises Price Target to $70

Barclays analyst Benjamin Budish maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Equal-Weight and raises the price target from $74 to $75.

Barclays Maintains Equal-Weight on Charles Schwab, Raises Price Target to $75

JP Morgan analyst Kenneth Worthington maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Overweight and raises the price target from $86 to $89.

JP Morgan Maintains Overweight on Charles Schwab, Raises Price Target to $89

TORONTO,&nbsp;April 16, 2024&nbsp;/CNW/ - TD Bank Group (the &quot;Bank&quot;) announced today that it expects The Charles Schwab Corporation&#39;s (&quot;Schwab&quot;)&nbsp;first quarter&nbsp;earnings to translate into approximately CDN&nbsp;$194 million&nbsp;of reported equity in net income of an investment in Schwab for the Bank&#39;s fiscal 2024&nbsp;second quarter. Excluding acquisition-related charges of approximately CDN&nbsp;$5 million&nbsp;after-tax and amortization of acquired intangibles of approximately CDN&nbsp;$30 million&nbsp;after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN&nbsp;$229 million.
TD Bank Group will release its&nbsp;second quarter&nbsp;financial results and host an earnings conference call on&nbsp;May 23, 2024. Conference call and audio webcast details will be announced closer to that date.

TD Bank Group Expects C$194M Boost From Schwab's Q1 Earnings In Q2 2024, Forecasts C$229M In Adjusted Income

For the quarter ended March 2024, The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) reported revenue of $4.74 billion, down 7.4% over the same period last year. EPS came in at $0.74, compared to $0.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.71 billion, representing a surprise of +0.56%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $0.73.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
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&#39;s price performance.
Here is how Charles Schwab performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Total client assets: $9,118.4 billion versus $8,715.15 billion estimated by six analysts on average.</li>
<li>Net interest margin: 2% versus 2% estimated by five analysts on average.</li>
<li>Clients daily average trades - Total: 5,958 thousand compared to the 5,798.83 thousand average estimate based on five analysts.</li>
<li>Average Interest Earning Assets: $431.46 billion versus $435.5 billion estimated by five analysts on average.</li>
<li>Net revenues- Other: $159 million versus $150.84 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -14.1% change.</li>
<li>Net revenues- Bank deposit account fees: $183 million compared to the $190.63 million average estimate based on seven analysts. The reported number represents a change of +21.2% year over year.</li>
<li>Net revenues- Net interest revenue: $2.23 billion versus $2.21 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -19.4% change.</li>
<li>Net revenues- Asset management and administration fees: $1.35 billion compared to the $1.31 billion average estimate based on seven analysts. The reported number represents a change of +20.6% year over year.</li>
<li>Net revenues- Trading revenue: $817 million versus $834.05 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -8.4% change.</li>
<li>Net revenues- Asset management and administration fees- Schwab money market funds: $336 million versus $316.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.8% change.</li>
<li>Net revenues- Asset management and administration fees- Schwab equity and bond funds, ETFs and collective trust funds (CTFs): $107 million versus the three-analyst average estimate of $104.31 million. The reported number represents a year-over-year change of +17.6%.</li>
<li>Net revenues- Asset management and administration fees- Mutual Fund OneSource and other non-transaction fee funds: $209 million versus the three-analyst average estimate of $203.19 million. The reported number represents a year-over-year change of +41.2%.</li>
</ul>
Shares of Charles Schwab have returned +4.5% over the past month versus the Zacks S&amp;P 500 composite&#39;s -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2255400/charles-schwab-schw-reports-q1-earnings-what-key-metrics-have-to-say?cid=CS-BENZ-FT-fundamental_analysis|nfm-2255400">To read this article on Zacks.com click here.</a>

Charles Schwab Reports Q1 Earnings: What Key Metrics Have to Say

Wall Street can breathe a sigh of relief following the tense events on Saturday night, when Iran launched <a href="https://www.benzinga.com/news/24/04/38240360/what-a-full-blown-war-between-israel-and-iran-could-entail-according-to-one-report">airstrikes against Israel</a>.
For now, the specter of escalation towards a larger conflict seems to have been mitigated, as both U.S. and U.K. allies <a href="https://www.benzinga.com/news/24/04/38241324/slow-things-down-biden-tells-netanyahu-to-think-response-through-after-iran-missile-attack-on-israel">have sternly cautioned </a>Israeli Prime Minister Benjamin Netanyahu against any retaliatory actions towards Tehran. 
Major U.S. indices moved sideways in midday trading on Monday in New York, halting the significant losses recorded last Friday and the risks of a further extension following l<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38252086/oil-gold-markets-swing-from-war-fears-to-calm-over-israel-iran-tensions-what-analys">ast Saturday&#8217;s heightened geopolitical tensions. </a>
The market sentiment was further bolstered by a retail sales report that significantly exceeded expectations, showing a 0.7% increase last month. However, this robust data slightly tempered expectations for Federal Reserve rate cuts, with investors currently factoring in about 40 basis points of cuts by year-end. 
Bond yields sharply surged, causing downward pressures in fixed-income assets. The yield on the 30-year Treasury bond spiked 11 basis points to 4.75%, reaching the highest in six months. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) plummeted 1.8%. 
Gold inched 0.3% higher, while crude oil fell 1.5%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 1.8%, after witnessing substantial volatility over the weekend. 
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,113.63</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,136.77</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,025.65</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,997.89</td>
<td>-0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:18 p.m. ET</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.2% up to $511.85, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.3% to $381.19 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) held steady at $438.54, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up 0.9%, followed by the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), down 0.7%. 
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.4% after the company announced plans to lay off 10% of its global workforce. </li>
<li>Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) rallied&nbsp;3.6% after the bank announced first-quarter earnings that topped Street&#8217;s estimates. </li>
<li>Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) rose 3.8% after reporting slightly stronger-than-expected earnings. </li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) fell 5.2% after RBC analysts raised uncertainties regarding the potential acquisition of Informatica Inc, which simultaneously fell 11%. </li>
</ul>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38253316/us-retail-sales-boom-well-above-forecasts-rise-4-on-the-year-blowout-report-economi">US Retail Sales Boom Well Above Forecasts, Rise 4% On The Year: &#8216;Blowout Report,&#8217; Economists Say</a>
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Stocks Stay Afloat On Strong Retail Sales, Middle East Relief; Bonds Drop: What's Driving Markets Monday?

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Monday.
The Dow traded up 0.35% to 38,114.61 while the NASDAQ rose 0.07% to 16,187.02. The S&amp;P 500 also rose, gaining, 0.26% to 5,136.94.
Check This Out: <a href="https://www.benzinga.com/news/24/04/38218786/best-buy-box-and-2-other-stocks-insiders-are-selling"> Best Buy, Box And 2 Other Stocks Insiders Are Selling </a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Health care shares jumped by 0.7% on Friday.
In trading on Friday, real estate shares fell by 1.1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) reported better-than-expected first-quarter earnings on Monday.
Charles Schwab reported a first-quarter 2024 adjusted net income decline of 17% Y/Y to $1.469 billion. Adjusted EPS fell 20% Y/Y to 74 cents, which came in line with the consensus. Revenue fell 7% to $4.74 billion, marginally beating the consensus of $4.71 billion.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Soligenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sngx#NASDAQ">SNGX</a>) shares shot up 49% to $0.5802 after the company announced that it was granted orphan drug designation to the active ingredient in MarVax for the prevention and post-exposure prophylaxis against MARV infection by the FDA.
Shares of Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) got a boost, surging 52% to $2.5650 following insider buys from multiple company executives.
Snap One Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpo#NASDAQ">SNPO</a>) shares were also up, gaining 30% to $10.61 after the company announced that it will be acquired by Resideo Technologies.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Marinus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrns#NASDAQ">MRNS</a>) shares dropped 79% to $1.5792 after the company provided an update on the Phase 3 RAISE trial and reported preliminary first-quarter financial results.
Shares of Neumora Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmra#NASDAQ">NMRA</a>) were down 14% to $11.67 after the FDA placed a clinical hold on the company&#39;s Phase 1 NMRA-266 study.
Ultragenyx Pharmaceutical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rare#NASDAQ">RARE</a>) was down, falling 10% to $42.46 after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms.
Also Check This Out:<a href="https://www.benzinga.com/news/24/04/38246593/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-with-over-4-dividend-yields"> Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Tech Stocks With Over 4% Dividend Yields </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 1.3% to $84.55 while gold traded down 0.5% at $2,362.00.
Silver traded up 0.8% to $28.55 on Friday, while copper rose 1.7% to $4.3315.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 rose 0.06%, London&rsquo;s FTSE 100 fell 0.48% while Spain&rsquo;s IBEX 35 Index fell 0.11% The German DAX gained 0.39% French CAC 40 climbed 0.31% while Italy&rsquo;s FTSE MIB Index jumped 0.45%.
Industrial production in the eurozone increased by 0.8% month-over-month in February.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mostly lower on Monday, with Japan&rsquo;s Nikkei 225 falling 0.74%, Hong Kong&rsquo;s Hang Seng Index dropping 0.72%, China&rsquo;s Shanghai Composite gaining 1.26% and India&rsquo;s S&amp;P BSE Sensex dipping 1.14%.
Indian merchandise trade deficit shrank to $15.6 billion in March versus a year-ago gap of $18.1 billion, while wholesale prices rose by 0.53% year-over-year in March versus a 0.20% gain in the prior month.
&nbsp;
<h3>Economics</h3>
&nbsp;
The NY Empire State Manufacturing Index climbed to -14.3 in April versus prior month&rsquo;s reading of -20.9.
Retail sales increased 0.7% month-over-month in March following a revised 0.9% rise in February.
The NAHB/Wells Fargo Housing Market Index in came in unchanged at 51.0 in April.
Total business inventories increased by 0.4% month-over-month in February, versus market expectations of a 0.3% rise.
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38248683/bitcoin-surpasses-66-000-core-emerges-as-top-gainer"> Bitcoin Surpasses $66,000; Core Emerges As Top Gainer </a>

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Crude Oil Down 1%; Charles Schwab Sales Top Estimates

Charles Schwab shares are trading higher after the company reported Q1 financial results.

Charles Schwab Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) reported a first-quarter 2024 adjusted net income decline of&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38245993/schwab-reports-first-quarter-results" rel="noreferrer noopener">17% Y/Y to $1.469 billion</a>.
Adjusted EPS fell 20% Y/Y to $0.74, which came in&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">line with the consensus</a>.
Revenue fell 7% to $4.74 billion, marginally beating the consensus of $4.71 billion. Asset management and administration fees rose 21% Y/Y to $1.3 billion.
The bank had $269.5 billion in deposits at the end of the first quarter of 2024, down 17% Y/Y.
Net interest revenue declined 19% Y/Y to $2.23 billion in the first quarter. Clients&#8217; daily average trades fell to 5.958 million, up 1% Y/Y.
In the first quarter of FY24, Schwab attracted $96 billion in core net new assets, including $45 billion in March alone, pushing the total client assets to $9.12 trillion at quarter-end.&nbsp;
The company added 1 million new brokerage accounts to increase the total client base to 35.3 million (+3% Y/Y).
Walt Bettinger, Co-Chairman and CEO, said, &#8220;Momentum across our array of wealth solutions continued through the first quarter. Led by record flows into our premier fee-based solution, Schwab Wealth Advisory&#x2122;, net inflows increased 60% versus the prior year period.&#8221;
Peter Crawford, CFO, stated, &#8220;Our balanced approach to expense management helped enable pre-tax profit margins to expand sequentially to 37.9% – 40.9% adjusted (1) – while continuing to make investments to support long-term growth.&#8221;
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/24/03/37786305/schwab-explains-how-faster-securities-settlement-will-affect-investors" rel="noreferrer noopener">Schwab Explains How Faster Securities Settlement Will Affect Investors</a>
&#8220;Organic earnings and a smaller balance sheet bolstered our capital position, as our preliminary consolidated Tier 1 Leverage ratio equaled 8.8% and Adjusted Tier 1 Leverage (1) ratio exceeded 5%.&#8221;
Investors can gain exposure to the stock via&nbsp;IShares U.S. Broker-Dealers &amp; Securities Exchanges ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAI#NYSE">IAI</a>) and&nbsp;Tidal ETF Trust God Bless America ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALL#NYSE">YALL</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38207618/whats-going-on-with-charles-schwab-shares-after-launching-forex-trading" rel="noreferrer noopener">What&#8217;s Going On With Charles Schwab Shares After Launching Forex Trading?</a>
Price Action: SCHW shares are down 1.80% at $68.77 premarket on the last check Monday.
Photo via Shutterstock

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What's Going On With Charles Schwab Shares Today?

Schwab March Core Net New Assets Equaled $45B; Total Client Assets $9.1T, Up 20% YoY

Charles Schwab Q1 Results: Strength Under The Hood

12 call buying candidates to leverage analyst days - GS

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It used to be you had to have money to make money on Wall Street. And few people actually owned stocks. According to the Federal Reserve&rsquo;s Survey of Financial Characteristics of Consumers, <a href="https://www.federalreserve.gov/econres/files/6263_bull0364.pdf">fewer than two families in 10</a> owned stocks as recently as 1962. However, 60 years later the same survey found as many as <a href="https://www.federalreserve.gov/publications/files/scf23.pdf">58% of all families</a> owned stocks.



There has been a great democratization of investing over those six decades. From the advent of the first discount broker Charles Schwab (NYSE:<a href="https://investorplace.com/stock-quotes/schw-stock-quote/">SCHW</a>) to deep discount traders like E-Trade and TD Ameritrade, the cost of making an investment has been going down. And Robinhood (NASDAQ:<a href="https://investorplace.com/stock-quotes/hood-stock-quote/">HOOD</a>) forced the industry to virtually give up transaction fees. Now you can buy and sell stocks at no cost!



Essentially all the barriers previously erected to keep investing as the playground of the rich have been torn down. That means you can find stocks to buy with $100 and begin your journey to creating a comfortable retirement today.



So if you only have a C-note to your name, and you don&rsquo;t need that money to pay bills or for an emergency, then the following three stocks should be no-brainer stocks to buy this month.



<h2>Broadcom (AVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AVGO1600-300x169.jpg" alt="broadcom (AVGO) logo outside office building"><div>Source: Sasima / Shutterstock.com</div></div>At first glance, semiconductor stock Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) won&rsquo;t intuitively seem a dead simple stock you should be buying with your $100. After all, shares trade for over $1,338 each. Even if you purchased fractional shares of AVGO stock, which is just a sliver of a whole share (it is totally possible and definitely worth doing), you&rsquo;re not getting much for your money, right?



Wrong! You have to look at the quality of the company and not the price of a share. That&rsquo;s why <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> are such a terrible idea. These are usually awful companies with little prospects for growth. But their cheap price makes them seem like such a deal. Unfortunately, you&rsquo;re more likely to lose whatever money you put into them rather than make a killing. That is exactly why Broadcom is an excellent choice.



The chip stock for mobile communication companies has seen its fortunes grow with the proliferation of smartphones. Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) is a <a href="https://investorplace.com/2024/04/nose-bleed-section-3-stocks-priced-above-1000-and-worth-it/">major source of revenue</a>, accounting for 20% of the total. But the mobile market has a boom-bust cyclicality to it and Broadcom wants to smooth out those peaks and valleys. It has more recently steered its efforts towards software, and following the acquisition of VMWare last November, the chipmaker expects half of its revenue to come from this segment.



Broadcom stock also pays a dividend that has increased for 14 consecutive years. It has grown the payout at a 36% compounded annual growth rate (CAGR) over the last 10 years. Because you will enjoy capital appreciation buying this stock as well as get paid for owning it, Broadcom is the first no-brainer stock to buy.



<h2>Starbucks (SBUX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/sbux1600b-300x169.jpg" alt="Learnin' From Luckin, Starbucks Stock Heats Up a Strategy"><div>Source: monticello / Shutterstock.com</div></div>Coffee slinger Starbucks (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbux-stock-quote/">SBUX</a>) is the next stock you should be buying with your $100. At $86 a share it is trading close to its 52-week low of $84 a stub. It&rsquo;s a great price for this excellent company.



Starbucks stock is down in the dumps because of pressures on its international business. China is the company&rsquo;s second-largest market with over 6,800 locations and the country&rsquo;s slowing economy has weighed on performance. Similarly, its presence in the Middle East, though dramatically smaller in scope, is bearing the brunt of protests over the war between Israel and Palestinians. It also sees tougher competition here at home from Dunkin, Dutch Bros (NYSE:<a href="https://investorplace.com/stock-quotes/bros-stock-quote/">BROS</a>) and McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>).



Still, Starbucks enjoys <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/829224/000082922424000011/sbux-20240130.htm">growing sales and profits</a>. In its fiscal first quarter, revenue rose 8% to a record $9.4 billion as comparable sales increased 5% year-over-year. Adjusted earnings per share jumped 20%. Analysts forecast the java shop will grow its profits at 15% annually for the next five years.



SBUX stock also pays a dividend that yields 2.6% annually and it has been growing the payout at a rate of over 8% a year for 13 years. This is another no-brainer buy this month at this deeply discounted level.



<h2>Visa (V)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/visa-1600-300x169.jpg" alt="several Visa branded credit cards"><div>Source: Kikinunchi / Shutterstock.com</div></div>The last stock to buy without much thinking is Visa (NYSE:<a href="https://investorplace.com/stock-quotes/v-stock-quote/">V</a>), the No. 1 payments processor. It has some 4.3 billion Visa cards in circulation and generated $14.5 trillion in total payments and cash volume for the full fiscal year. Visa also enjoys immense profitability.



Because the payments processor merely <a href="https://investorplace.com/2024/03/the-smart-money-shift-3-stocks-to-buy-as-billionaires-abandon-nvidia/">lends it brand to credit issuers</a>, Visa&rsquo;s gross profit margins are 98%. Operating margins are an impressive 57% while net margins are only slightly lower at 50%. It makes the company a cash-generating machine.



Visa chooses to use a lot of that cash to return value to shareholders. Last October it announced it would be buying back $25 billion worth of stock, double the $12 billion it repurchased last year.&nbsp;



The payments company also pays a dividend that yields less than 1% annually. Yet it has been raising the payout at a torrid pace, hiking the dividend at almost 15% a year for the last five years. It just raised it 16% last year. Visa stock is a no-brainer stock to own now and for a lifetime.



On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/only-have-100-3-no-brainer-stocks-to-buy-in-april-2024/">Only Have $100? 3 No-Brainer Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Only Have $100? 3 No-Brainer Stocks to Buy in April 2024

Bank of America upgraded to Outperform at Wolfe as NII inflection nears

The first-quarter performance of The Charles Schwab Corporation (SCHW) has attracted considerable investor attention. But what lies beneath the surface? Let's dissect its fundamentals to ascertain whether it presents an enticing buying opportunity amidst today's market intricacies... The Charles Schwab Corporation (<a href="https://stocknews.com/stock/SCHW/">SCHW</a>), a major player in retail investing, outperformed Wall Street's expectations in its first-quarter earnings report despite a revenue drop. The company demonstrated robust growth in its asset management sector, primarily driven by a significant increase in fee revenue.
However, I think waiting for an opportune moment to enter the stock market might be prudent. Let us understand that in detail.
During the fiscal first quarter ended March 31, 2024, SCHW demonstrated its resilience and appeal by attracting over 1 million new brokerage accounts. This surge in interest was reflected in the trading volume and margin balances, which saw a healthy increase of 15% and 9%, respectively.
Despite that, SCHW's average interest earning assets were $431.46 billion, falling short of analysts' expectations. Additionally, the company's overall profit at the brokerage decreased by 15% to $1.36 billion. This was primarily due to higher interest paid on client deposits and the company's own borrowings.
In terms of price performance, SCHW's stock has soared 35.1% over the past year and 40.7% over the past six months, closing the last trading session at $72.93. However, it has a 24-month beta of 1.29, indicating high volatility.
Here are the financial aspects of SCHW that could influence its performance in the near term:
Weak Financials
During the fiscal first quarter, which ended on March 31, 2023, SCHW's total net revenue declined 7.3% year-over-year to $4.74 billion. Moreover, the company's adjusted net income and adjusted EPS came in at $1.47 billion and $0.74, down 17.5% and 20.4% from the prior-year quarter, respectively.
Mixed Profitability
SCHW's trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> of 0.04x is 82.6% lower than the industry average of 0.21x. Its trailing-12-month ROCE of 1.03% is 5.2% lower than the 1.09% industry average.
However, the stock's 96.62% trailing-12-month gross profit margin is 61.9% higher than the industry average of 59.66%.
Stretched Valuation
SCHW's forward non-GAAP P/E multiple of 21.22 is 114.8% higher than the industry average of 9.88. Its forward P/B ratio of 3.36x is 237.6% higher than the 0.99x industry average. Furthermore, its forward P/S multiple of 6.66 is 179.1% higher than the 2.39 industry average.
POWR Ratings Exhibit Mixed Prospects
SCHW's uncertain fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SCHW has a C grade for Quality, which is consistent with its mixed profit margins.
In the <a href="https://stocknews.com/category/investment-brokerage/">Investment Brokerage</a> industry, SCHW is ranked #16 out of the 20 stocks.
Beyond what we've stated above, we have also rated the stock for Value, Momentum, Stability, and Sentiment. Get all ratings of SCHW <a href="https://stocknews.com/stock/SCHW/">here</a>.
Bottom Line
An upturn in markets has driven an increase in the value of assets under management at brokerages. This has enabled brokerage firms to earn higher fees, even if fewer clients are investing in the funds.
While SCHW's asset management division has shown resilience, its first-quarter earnings highlighted vulnerabilities in its underlying fundamentals.
Moreover, its mixed profitability, stretched valuation, and high beta signal caution in the near term. So, it might be prudent for investors to wait for a better entry point into the stock.
How Does The Charles Schwab Corporation (SCHW) Stack Up Against Its Peers?   
With its uncertain short-term outlook, SCHW's chances of outperforming in the coming weeks and months are diminished. However, you might want to explore other stocks in the <a href="https://stocknews.com/category/investment-brokerage/">Investment Brokerage</a> industry that carry an overall rating of B (Buy).
Oppenheimer Holdings, Inc. (DE) (<a href="https://stocknews.com/stock/OPY/">OPY</a>)
Piper Sandler Companies (<a href="https://stocknews.com/stock/PIPR/">PIPR</a>)
Stifel Financial Corporation (<a href="https://stocknews.com/stock/SF/">SF</a>)
To explore more investment brokerage stocks, click <a href="https://stocknews.com/category/investment-brokerage/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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SCHW shares were trading at $72.99 per share on Friday morning, up $0.06 (+0.08%). Year-to-date, SCHW has gained 6.52%, versus a 5.33% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/schw-opy-pipr-sf-does-charles-schwabs-schw-q1-performance-suggest-a-buying-opportunity/>Does Charles Schwab's (SCHW) Q1 Performance Suggest a Buying Opportunity?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Does Charles Schwab's (SCHW) Q1 Performance Suggest a Buying Opportunity?

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