FMP

FMP

Enter

The Charles Schwab Corporation (NYSE:SCHW) dropped more than 8% since the company’s reported worse-than-expected Q4 results on Wednesday and a double downgrade

The Charles Schwab Shares Plunged 8% Since Q4 Miss, BofA Double Downgrades the Stock

Jan 19, 2023 10:04 PM - Davit Kirakosyan

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

The Charles Schwab Corporation (NYSE:SCHW) dropped more than 8% since the company’s reported worse-than-expected Q4 results on Wednesday and a double downgrade from BofA Securities today. EPS came in at $1.07, compared to the Street estimate of $1.09. Revenue was $5.5 billion, missing the Street estimate of $5.56 billion.

Net interest revenue grew 33% year-over-year to $10.7 billion, as higher interest rates outweigh the negative effects of balance sheet contraction caused by client cash sorting.

Analysts at Deutsche Bank view the quarterly results as being mixed, with better-than-expected NII, cost control, and capital return, offset by weaker fees in the Ameritrade Bank Deposit Account (BDA), as well as fee rate pressure in asset management & admin services.

While the analysts now expect lower revenue yield in the BDA to reduce the company's 2023 EPS growth rate to 23-24% from 27% previously, they continue to expect EPS growth to exceed 20% in 2023 and 2024, after EPS growth of 20% in 2022 & 37% in 2021.

Other Blogs

Sep 11, 2023 - Rajnish Katharotiya

Industry Analysis with Python

During this post we are going to perform an industry analysis with Python. We will build, analyse and compare all stocks operating within an industry. To do so, we will pick an industry and get all important financial metrics for companies operating in that industry. Then, we will use a couple of fi...

blog post title

Sep 11, 2023 - Rajnish Katharotiya

P/E Ratios Using Normalized Earnings

Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...

blog post title

Sep 11, 2023 - Rajnish Katharotiya

Portfolio Risk and Returns with Python

Would you like to know how your portfolio is performing and how much risk you are taking? In this post, you will learn how to measure portfolio risk and calculate portfolio returns using Python. We will see step by step how to calculate the risk and returns of a portfolio containing four stocks Appl...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep