The Charles Schwab Corporation's stock plummeted 9.4% following a disappointing first-quarter 2022 earnings report, showing adjusted earnings of $0.77 per share and total revenues of $4.67 billion—both falling short of analysts' expectations. Trading revenues declined 21% year over year, largely due to increased market volatility impacting income. Despite these setbacks, Schwab reported an 11% rise in total client assets to $7.86 trillion, driven by $120.5 billion in net new assets and the addition of 1.2 million new brokerage accounts.
“The Charles Schwab Corporation · has dipped · 8.22% · as of 12:02 PM ET”
“The Charles Schwab Corporation · has a Zacks Rank of · 2 · Buy”
“Schwab Advisor Services · is developing · a new app integration with Salesforce Financial Services Cloud · enhancement for registered investment advisors”
“Charles Schwab Corporation · provides · a full range of securities brokerage, banking, money management and financial advisory services · to individual investors and independent investment advisors”
“Charles Schwab’s SCHW · missed · Zacks Consensus Estimate · of 85 cents”
“Charles Schwab Foundation · is · a private foundation · that is separate from The Charles Schwab Corporation”
“The Charles Schwab Corporation · shares plunged · 9.4% · after reporting first-quarter 2022 adjusted earnings of $0.77 per share”
“Schwab · offers · a free digital financial plan · for retirement planning”
“Charles Schwab · dived”
“Charles Schwab · first-quarter 2022 adjusted earnings · 77 cents per share · missed the Zacks Consensus Estimate of 85 cents”
“Charles Schwab · bottom line decline · 8% · from the prior-year quarter”
“Charles Schwab · stock dropped · 5% · in pre-market trading”