Charles Schwab (SCHW, $58.58) beats Q4 earnings expectations
Retail investing company Charles Schwab posted fourth quarter earnings that surpassed analysts’ expectations. This is Schwab’s first earnings report following its $26 billion acquisition of rival TD Ameritrade.
The company’s adjusted earnings came in at 74 cents per share, beating the 71 cents per share expected by analysts polled by Refinitiv.
Revenue of $4.18 billion was also higher than the forecast $4.108 billon.
Total client assets for Schwab increased to a record $6.69 trillion as of the end of 2020, which reflects a 66% growth year-over-year – boosted by acquired TD Ameritrade assets.
Schwab added 15.77 million new clients in the fourth quarter, including 14.5 million new brokerage accounts from the TD Ameritrade merger.
The company’s daily average trades rose to 5.8 million in the fourth quarter, a record high.
Trading revenue surged +88% to $1.4 billion
SCHW's Stochastic Oscillator is staying in oversold zone for 7 days
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Notable companies
The most notable companies in this group are Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Charles Schwab Corp (The) (NYSE:SCHW), CME Group (NASDAQ:CME).
Industry description
These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
Market Cap
The average market capitalization across the Investment Banks/Brokers Industry is 11.26B. The market cap for tickers in the group ranges from 13 to 928.5B. PKRSF holds the highest valuation in this group at 928.5B. The lowest valued company is BFCH at 13.
High and low price notable news
The average weekly price growth across all stocks in the Investment Banks/Brokers Industry was -0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 16,327%. CSOL experienced the highest price growth at 115%, while MIGI experienced the biggest fall at -21%.
Volume
The average weekly volume growth across all stocks in the Investment Banks/Brokers Industry was -23%. For the same stocks of the Industry, the average monthly volume growth was -28% and the average quarterly volume growth was -10%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 59
P/E Growth Rating: 64
Price Growth Rating: 54
SMR Rating: 67
Profit Risk Rating: 72
Seasonality Score: 14 (-100 ... +100)