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Charles Schwab Q3 Profit Rises 32%; Results Top Estimates
(RTTNews) - Financial services firm Charles Schwab Corp. (SCHW) reported Monday that net income available to common shareholders for the third quarter grew to $2.02 billion or $0.99 per share from $1.53 billion or $0.74 per share in the year-ago quarter.
Excluding items, adjusted earnings for the quarter were $1.10 per share, compared to $0.84 per share in the prior-year quarter.
Net revenues for the quarter grew 20 percent to $5.50 billion from $4.57 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.05 per share on revenues of $5.41 billion for the quarter. Analysts' estimates typically exclude special items.
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Charles Schwab Q4 Profit Rises 26%, But Results Miss Estimates
Financial services firm Charles Schwab Corp. reported Wednesday a profit for the fourth quarter that increased 26 percent from last year, reflecting 17 percent revenue growth aided by 41 percent rise in net interest revenue. Both earnings per share and quarterly revenues missed analysts' estimates.
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Pred 868 dňami
U.S. Dollar Falls Amid Weak Data, Trade Tensions
The U.S. dollar slipped against its major counterparts in the New York session on Wednesday, following the release of weaker than expected economic data, as well as rising trade tensions.
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Pred 25 minútami
Swiss Market Ends Moderately Higher
After a somewhat sluggish start, Swiss stocks gained in strength Wednesday morning and stayed firm right till the end of the session to sign off on a positive note.
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Pred 2 h 47 min
European Stocks Close Higher On Optimism About U.S. - EU Trade Talks
European stocks closed higher on Wednesday amid slightly easing concerns about a trade war after EU trade chief said talks with the U.S. were advancing in the right direction.
Investors also digested regional economic data and some corporate earnings updates, and looked ahead to the European Central Bank's monetary policy announcement on Thursday.
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Pred 3 h 3 min
Canadian Market Down In Negative Territory After BoC Holds Interest Rate
After opening slightly up and advancing a bit, Canadian stocks retreated Wednesday morning, with investors digesting the Bank of Canada's rate decision, and assessing the prospects of trade negotiations with the U.S. in the wake of U.S. President Donald Trump doubling tariffs on steel and aluminum.
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Pred 3 h 53 min
U.S. Services Index Unexpectedly Indicates Slight Contraction In May
Service sector activity in the U.S. unexpectedly saw a slight contraction in the month of May, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI fell to 49.9 in May from 51.6 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
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Pred 5 h 45 min
Bank Of Canada Once Again Leaves Interest Rates Unchanged
The Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged for the second consecutive meeting. The Canadian central bank said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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Pred 6 h 9 min
FSIS Announces Recalls Of 22K Pounds Of Beef, Pork Products For Various Reasons
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced recalls of around 22 thousand pounds of select beef and pork products, citing various reasons including misbranding and undeclared allergens. Springville, Utah-based Springville Meat & Cold Storage Co., Inc. called back around 15,388 pounds of heat-treated shelf-stable ready-to-eat or RTE beef jerky/beef...
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Pred 6 h 39 min
