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These Analysts Raise Their Forecasts On Charles Schwab Following Upbeat Earnings

Charles Schwab Corporation (NYSE: SCHW) reported better-than-expected first-quarter sales results 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, according to data from Benzinga Pro. 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, “Momentum across our array of wealth solutions continued ...