Charles Schwab Positions For 'More Robust EPS Growth': Analysts Weigh In On Q1 Results
Portfolio Pulse from Priya Nigam
Charles Schwab Corporation (NYSE:SCHW) reported Q1 earnings, with shares showing volatility in early trading. Analysts from JPMorgan, Piper Sandler, Goldman Sachs, and Keefe, Bruyette & Woods provided insights, adjusting their price targets and ratings based on the company's performance, including net interest income, cost management, and customer metrics. Key highlights include better-than-expected earnings per share, solid March metrics, stable core deposits, and strong retail engagement.
April 16, 2024 | 4:02 pm
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Charles Schwab's Q1 earnings exceeded expectations with an EPS of 74 cents, solid net revenues, and strong March metrics. Analysts from JPMorgan, Piper Sandler, Goldman Sachs, and Keefe, Bruyette & Woods have adjusted their price targets and ratings, reflecting optimism about the company's financial health and operational efficiency.
The positive adjustment of price targets and ratings by multiple analysts indicates a strong consensus on Charles Schwab's robust financial health and operational efficiency following its Q1 earnings report. This consensus, along with the company's performance exceeding expectations, suggests a positive short-term impact on SCHW's stock price.
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