Charles Schwab Corp (NYSE: SCHW) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.51 versus $0.98 for the same period a year ago — a decline of -48%. This result fell short of the consensus estimate of $0.65 by $-0.14. For the latest four quarters through December 31, E.P.S. were $2.55 versus $3.52 for the same period a year ago — a decline of -28%.
Recent Price Action
Charles Schwab Corp (NYSE: SCHW) stock declined modestly by -1.3% on 1/17/24. The stock closed at $63.45. Moreover, exceptionally high trading volume at 246% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SCHW is expected to continue to be a major Value Builder.
Charles Schwab has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Charles Schwab has a poor Appreciation Score of 30 but a good Power Rating of 78, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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