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Charles Schwab’s ‘Transition Year’: Analysts Break Down Q4 Earnings Beat

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Charles Schwab Corp (NYSE:SCHW) shares closed higher on Wednesday, Jan. 17, after the company reported better-than-expected fourth-quarter earnings.

Adjusted EPS fell from $1.07 to 68 cents, beating the consensus of 64 cents, according to data from Benzinga Pro.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.

  • JMP Securities analyst Devin Ryan reiterated a Market Outperform rating and a price target $77.
  • Keefe, Bruyette & Woods analyst Kyle Voigt downgraded the stock from Outperform to Market Outperform rating. Price target for the stock was also lowered from $75 to $70.

Also Read: Charles Schwab Q4 Earnings Preview – Banking On The Fed’s Pivot To Easing In 2024

JMP Securities: Charles Schwab’s Q4 results, including a $172 million FDIC charge, …

Full story available on Benzinga.com

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