These Analysts Cut Their Forecasts On Charles Schwab After Q2 Results
Portfolio Pulse from Avi Kapoor
Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected Q2 results with a slight decline in adjusted net income and EPS, but an increase in revenue and asset management fees. Despite this, shares fell 10.2% as analysts downgraded their ratings and lowered price targets.
July 17, 2024 | 1:05 pm
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Charles Schwab reported better-than-expected Q2 results with a slight decline in adjusted net income and EPS, but an increase in revenue and asset management fees. Despite this, shares fell 10.2% as analysts downgraded their ratings and lowered price targets.
Despite the positive earnings report, the significant drop in share price and the downgrades from analysts indicate a negative short-term impact on Charles Schwab's stock. The market's reaction suggests concerns about future performance or other underlying issues.
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