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

Beyond short-term challenges, Cisco’s (CSCO) prospects remain intact

Cisco Systems Inc. (NASDAQ: CSCO) is the undisputed leader in networking technology, but its core business has been facing challenges over the past few years. While the company faces stiff

Earnings: Applied Materials (AMAT) Q2 profit, revenue increase

Semiconductor technology company Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported higher earnings and revenues for the second quarter of 2022. However, the results missed analysts' estimates. Adjusted net income

Target (TGT) expects Q1 headwinds to continue to impact profitability in the near term

Shares of Target Corporation (NYSE: TGT) were down 4% on Thursday, yet to fully recover from the beating it took a day earlier after delivering mixed results for the first

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