Shares of Charles Schwab SCHW moved higher by 1.3% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 35.48% over the past year to $0.84, which beat the estimate of $0.82.
Revenue of $4,715,000,000 rose by 80.17% from the same period last year, which beat the estimate of $4,600,000,000.
Guidance
Charles Schwab hasn't issued any earnings guidance for the time being.
Charles Schwab hasn't issued any revenue guidance for the time being.
Price Action
52-week high: $68.89
52-week low: $31.63
Price action over last quarter: Up 16.53%
Company Description
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 asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $6.5 trillion of client assets at the end of 2020. Nearly all of its revenue is from the United States.
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