- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices Trading
- Share CFDs Trading
- Cryptocurrency CFDs
- Treasury CFDs
- ETF CFDs Trading
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile Trading Platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & Analysis
- Education Hub
- Economic Calendar
- Earnings announcements
- Courses
- Courses
- Introduction to forex
- First steps in forex
- Next steps in forex
- Help & support
- Help & support
- About
- About
- About GO Markets.
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices Trading
- Share CFDs Trading
- Cryptocurrency CFDs
- Treasury CFDs
- ETF CFDs Trading
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile Trading Platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & Analysis
- Education Hub
- Economic Calendar
- Earnings announcements
- Courses
- Courses
- Introduction to forex
- First steps in forex
- Next steps in forex
- Help & support
- Help & support
- About
- About
- About GO Markets.
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Charles Schwab announces Q4 and 2023 full-year results
- Home
- News & Analysis
- Shares and Indices
- Charles Schwab announces Q4 and 2023 full-year results
- Founded: 1971
- Headquarters: Westlake, Texas, United States
- Number of employees: 35,300 (2022)
- Industry: Financial services
- Key people: Charles R. Schwab (co-chairman), Walter W. Bettinger (co-chairman & CEO)
- 5 day: -3.60%
- 1 month: -5.47%
- 3 months: +22.40%
- Year-to-date: -7.78%
- 1 year: -22.03%
- Citigroup: $70
- Raymond James: $78
- TD Cowen: $77
- Goldman Sachs: $71
- UBS Group: $82
- JP Morgan: $85
- JMP Securities: $77
- Barclays: $57
- Morgan Stanley: $64
- Deutsche Bank: $69
- Jefferies Financial Group; $62
- Piper Sandler: $75
- Bank of America: $53
- Credit Suisse: $67.50
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisNews & AnalysisThe Charles Schwab Corporation (NYSE: SCHW) released Q4 and 2023 full-year earnings results before the opening bell in Wall Street on Wednesday.
The US financial services company reported revenue of $4.459 billion, falling slightly short of analyst estimate of $4.494 billion. Revenue was down by 19% vs. Q4 of 2022.
Earnings per share (EPS) reported at $0.68 per share (down by 36% year-over-year) vs. $0.638 per share expected.
Full year revenue reached $18.837 billion, down by 9% vs. 2022. Full year EPS reported at $3.13, down by 20% year-over-year.
Company overview
CEO commentary
Walter W. Bettinger, CEO of Charles Schwab, commented on the latest results: “Over the course of 2023, our commitment to clients was unwavering. Through an uneven environment with shifting views on the trajectory of the U.S. economy, persistent geopolitical unrest, and a temporary disruption within the regional banking sector, our “no trade-offs” value proposition continued to resonate with investors. Clients entrusted us with $306 billion in core net new assets during the year, including over $43 billion in December alone. This ongoing success with clients helped push total client assets to a record $8.52 trillion at year-end. Additionally, we welcomed 977 thousand new-to-firm retail households as well as 315 advisors-in-transition to Schwab. In total, we added 3.8 million new brokerage accounts to increase our total client base to 34.8 million accounts.”
“As we move forward with our key initiatives, we remain as confident as ever in our “Through Clients’ Eyes” strategy. Our client focus has guided our culture and operating priorities for five decades and we believe it keeps us best positioned to sustain long-term profitable growth into the future,” Betting added.
Stock reaction
Shares of Charles Schwab were down by 1.34% at the end of trading day on Wednesday at $63.45 a share – the lowest level since 7/12/2023.
Stock performance
The Charles Schwab Corporation stock price targets
The Charles Schwab Corporation is the 120th largest company in the world with a market cap of $115.64 billion.
You can trade The Charles Schwab Corporation (NYSE: SCHW) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: The Charles Schwab Corporation, TradingView, MarketWatch, Benzinga, CompaniesMarketCap
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
TSMC posts better-than-expected results – the stock rises
World’s second largest semiconductor company, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), reported the latest results for Q4 of 2023 before the opening bell in Wall Street on Thursday. TSMC achieved revenue of $19.785 billion in Q4 2023 vs. $19.675 billion expected. Revenue rose by 14.4% from Q3. Earnings per share was reported...
January 19, 2024Read More >Previous Article
Prologis posts mixed results – the stock is down
Prologis Inc. (NYSE: PLD) announced reported its latest financial results before the market open in the US on Wednesday. The largest real estate co...
January 18, 2024Read More >