Charles Schwab Corp (SCHW) reported quarterly earnings results on Friday, Apr-15-2016. The company reported $0.29 EPS for the quarter. Analysts had a consensus estimate of $0.29. The company posted revenue of $1764.00 million in the period, compared to analysts expectations of $1754.29 million. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Charles Schwab Corp. Company shares were Reiterated by UBS on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .Charles Schwab Corp was Upgraded by Credit Agricole to ” Outperform” on Feb 16, 2016. Shares were Reiterated by Piper Jaffray on Feb 10, 2016 to “Neutral” and Lowered the Price Target to $ 32 from a previous price target of $38 .
Charles Schwab Corp opened for trading at $26.9 and hit $27.44 on the upside on Monday, eventually ending the session at $27.04, with a gain of 1.62% or 0.43 points. The heightened volatility saw the trading volume jump to 73,67,334 shares. Company has a market cap of $35,707 M.
In a different news, on Jan 21, 2016, William S Haraf (director) purchased 4,000 shares at $25.44 per share price. According to the SEC, on Dec 7, 2015, Bernard J. Clark (EVP – Advisor Services) sold 25,987 shares at $34.50 per share price. On Nov 13, 2015, Nigel J Murtagh (EVP – Corporate Risk) sold 2,500 shares at $33.55 per share price, according to the Form-4 filing with the securities and exchange commission.
The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries the Company engages in wealth management securities brokerage banking money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial trading and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals’ varying investment and financial needs. Its product offerings include brokerage mutual funds exchange-traded funds (ETFs) advice solutions banking and trust.