Liz Ann Sonders, Charles Schwab chief investment strategist, joins 'Closing Bell' to discuss potential roadblocks and catalysts to the market rally.
Shares of financial services name Charles Schwab Corporation (NYSE:SCHW) are 1.1% lower to trade at $80.46 at last glance, as they pull back from yesterday's highest peak since January 2023 at $81.39.
SCHW's October core net new assets increase on the back of a rise in new brokerage accounts and total client assets.
New York Life Investments' Lauren Goodwin, iCapital's Anastasia Amoroso and Charles Schwab's Kevin Gordon, join 'Closing Bell' to discuss the markets and economy heading into the election.
Charles Schwab (SCHW) on Wednesday announced that it plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.
SCHW plans to roll out an extended overnight trading offering to address rising demand among retail investors.
Charles Schwab is making some painful, but necessary, changes to its business.
Charles Schwab shares surged over 6% after reporting better-than-expected Q3 earnings, showcasing robust, mid-single digit top line momentum. The brokerage achieved $1.41B in earnings with a 25% Y/Y growth rate and expanded profit margins, driven by a growing asset base. Client assets grew to $9.92T with 27% Y/Y growth, and core net new assets reached $95.3B, showing 109% Y/Y growth in Q3'24.
Charles Schwab NYSE: SCHW had a solid quarter, outpacing expectations and issuing favorable guidance. Still, its stock price may only increase slightly because of the analyst and sell-side activity this year.
The brokerage said it is seeing increased inflows into its wealth-management offerings.
Better-than-expected earnings results drove the stock higher today.
The Charles Schwab Corporation (NYSE:SCHW ) Q3 2024 Earnings Conference Call October 15, 2024 8:30 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walter W. Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Michael Verdeschi - New Chief Financial Officer Peter Crawford - Managing Director Conference Call Participants Ken Worthington - JP Morgan Alexander Blostein - Goldman Sachs Brennan Hawken - UBS Dan Fannon - Jefferies Kyle Voigt - KBW Steven Chubak - Wolfe Research Brian Bedell - Deutsche Bank Michael Cyprys - Morgan Stanley Operator Good morning, everyone, and welcome to Schwab's 2024 Fall Business Update.