2023-04-21 08:10:00 ET
The company might have fallen short of last quarter's top-line estimates, but the earnings "beat" that brokerage firm Charles Schwab (NYSE: SCHW) dished out earlier this week more than offset the revenue miss. The organization earned $0.93 per share versus expectations of $0.90, and that figure was up 21% from the year-ago bottom line of $0.77 per share. Schwab's stock has moved markedly higher since those numbers were posted.
This buying spree, however, possibly overlooks three big, bullish details buried in the company's fiscal first-quarter report, details that have longer-term implications. Each of them points to strength that will be far longer-lived than just one quarter. Here's a closer look.
As a borrower, you might not be a fan of recent rate hikes. If you're a lender, though, you're loving it. Higher interest rates mean the profitability of loans is greater than it is when rates are lower.
For further details see:
3 Big, Bullish Takeaways From Charles Schwab's Q1 Report