Categories AlphaGraphs, Earnings, Finance

Charles Schwab (SCHW) Q1 revenue down 1%; earnings miss estimates

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Monday reported lower earnings and revenues for the first quarter of 2022. The numbers also missed Wall Street’s forecast.

The Charles Schwab Corporation Q1 2022 earnings infographic

Total revenues decreased 1% year-over-year to $4.67 billion in the first three months of fiscal 2022. The number also missed Wall Street’s estimates.

Net profit, on an adjusted basis, dropped to $0.77 per share during the quarter from $0.84 per share in the same period of last year and missed the consensus forecast. Unadjusted net income was $1.28 billion or $0.67 per share, compared to $1.48 billion or $0.73 per share last year.


Check this space to read management/analysts’ comments on Charles Schwab’s Q1 2022 results


Charles Schwab’s stock has gained about 28% in the past twelve months. It declined on Monday morning following the earnings release, after closing the last session Lower.

  • The Charles Schwab Corporation Q4 2021 earnings infographic
  • The Charles Schwab Corporation Q3 2021 earnings infographic
  • Charles schwab earnings

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

LandBridge Company gears up to raise $319 million in US IPO

LandBridge Company LLC, which is engaged in the acquisition of oil properties, is preparing to become a public entity by listing on the New York Stock Exchange through an initial

A look at the performance of Philip Morris’ (PM) smoke-free business

Shares of Philip Morris International Inc. (NYSE: PM) stayed red on Monday. The stock has gained 7% over the past three months. The company has been seeing its smoke-free business

Kroger (KR) to report Q1 earnings on Thursday. Here’s what to expect

Grocery chain The Kroger Co. (NYSE: KR) is preparing to report financial results for the first three months of fiscal 2024, with market watchers forecasting a modest outcome. Betting on

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top