
Charles Schwab Corporation ($SCHW) has raised its full-year revenue growth forecast to between 3% and 3.5%, up from the previous estimate of 2% to 3%. This adjustment is attributed to increased investor engagement and a robust equity market following the recent US presidential election. The company reported significant monthly activity highlights for November, including core net new assets of $28.8 billion and total client assets reaching $10.31 trillion, reflecting a year-over-year increase of 26% as of the end of November. The optimistic outlook is also supported by a decrease in interest expenses following recent rate hikes, positioning Schwab for strong earnings growth.
Madison Funds on Charles Schwab $SCHW US Thesis: Charles Schwab’s growth in customer assets and lower interest expenses post-rate hikes set the stage for strong earnings growth (Extract from their Q3 letter) https://t.co/2ZsjbGobID
"Schwab now expects revenue to increase 3% to 3.5%, up from its previous forecast of 2%-to-3% growth" $SCHW https://t.co/Az9Ena4xR4
Schwab raises its revenue growth guidance as sweep cash flat https://t.co/wH7cOvQ3y2 via @business
