• Monday, April 16, 3:20 PM Profits tumbled at Charles Schwab (SCHW -0.9%) in Q1, but some analysts say the brokerage is positioned for better results when the ultra-low interest rate environment finally ends. SCHW calculates each percentage-point increase in short-term rates adds ~19% to net interest income. New account openings jumped 44% Y/Y, also indicating SCHW's potential for strong growth when rates rebound. Comment! [Financials]
• Monday, April 16, 9:53 AM Shares of Charles Schwab (SCHW -0.1%) gyrate after the firm reports a mixed bag with its Q1 earnings report. The online brokerage firm saw 240K new accounts open during the quarter, while profits for the period slipped 20% Y/Y on higher marketing and compensation costs. After shooting 2% higher on the open, shares sputtered a bit and are now in negative territory. Comment! [On the Move, Financials]
• Monday, April 16, 8:59 AM Charles Schwab (SCHW): Q1 EPS of $0.15 in-line. Revenue of $1.19B (-1.5% Y/Y) in-line. (PR) Comment! [Earnings, Financials]
• Monday, April 16, 12:05 AM Notable earnings before Monday's open: C, GCI, MAT, MTB, SCHW Comment! [Earnings]
• Sunday, April 15, 5:30 PM Notable earnings before Monday's open: C, GCI, MAT, MTB, SCHW 1 Comment [Earnings]
• Monday, April 9, 7:26 AM Goldman Sachs picks coverage back up on Charles Schwab (SCHW) with a Buy rating and $16.50 price target. The firm sees Schwab's product diversification and focus on fees making it the best near-term play in a sluggish group. Comment! [Financials]
• Tuesday, April 3, 12:42 PM Online brokers E-Trade (ETFC -2%) and Charles Schwab (SCHW -0.7%) slide after Sandler O’Neill's Rich Repetto says retail trading at online firms fell 5%-10% M/M in March: "We suspect March retail trading generally underperformed consolidated industry share volumes, which were down 5.1% sequentially,” Repetto says. 1 Comment [Financials, On the Move]
• Friday, March 30, 12:35 PM Keefe Bruyette raises price targets on TD Ameritrade (AMTD +1.3%) from $20 to $23.50, Schwab (SCHW +0.2%) from $13 to $15, and E-Trade (ETFC -0.1%) from $10 to $12 ahead of Q1 results. The firm cites improving consumer and investor sentiment and better than expected trading activity. Comment! [Financials]
• Wednesday, February 29, 10:17 AM Morningstar's Ultimate Stock Pickers offer their 10 highest conviction buys: GILD, GSK, RIMM, C, DVN, ITW, SCHW, JNJ, TIF, DHR. Comment! [Quick Ideas]
• Tuesday, February 7, 10:04 AM The SEC soon will unveil a plan to stabilize money market funds, WSJ reports, requiring fund firms to set aside capital in reserve and placing restrictions on investors who wish to withdraw all their money at one time. Fund industry execs say the new rules could hurt returns and limit their ability to lend to corporations. FII -5.8%, SCHW -3.4%, LM -2.2%. 4 Comments [Financials, On the Move]
• Monday, February 6, 11:02 AM The Fed's ZIRP is and will continue hurting the economy, argues Charles Schwab, forcing savers out of safer assets into stocks or into long-term bonds that will "backfire on them if inflation returns." Schwab (SCHW) itself is getting slammed, seeing profits cut by nearly 50% in a recent report as it waved fees so money market clients didn't see a negative return. 12 Comments [U.S. Economy, Financials]
• Friday, February 3, 9:38 AM Even after the rally, Doug Kass believes investors are still under-invested in stocks. A re-allocation into stocks and out of bonds represents a "potentially massive (and latent) demand that could easily be the catalyst for a move to all-time highs in the S&P 500 in 2012." Kass sees opportunity in asset managers and discount brokers: OZM, TROW, WDR, LM, ETFC, SCHW. Comment! [Quick Ideas]
• Thursday, January 26, 10:21 AM Charles Schwab (SCHW -2%) gets stung by a downgrade to Neutral at JP Morgan, citing sales challenges and noting that the firm's earnings rely heavily on interest rates, which are likely to remain low over the next two years. 1 Comment [Financials, On the Move]
• Wednesday, January 18, 9:02 AM Charles Schwab (SCHW): Q4 EPS of $0.13 in-line. Revenue of $1.11B (+-1.2% Y/Y) in-line. Shares -1.4% premarket. (PR) Comment! [Earnings, Financials, On the Move]
• Wednesday, January 18, 12:05 AM Notable earnings before Wednesday's open: APH, ASML, BK, FAST, GS, NTRS, PNC, SCHW, STT, USB Comment! [Earnings]
• Friday, January 6, 12:06 PM Deutsche says the environment is getting more and more challenging for online brokers, and the sector is likely to face continued headwinds going into 2012. Given current valuations, the firm cuts Charles Schwab (SCHW +0.7%) to Hold and recommends swapping out of it and into TD Ameritrade (AMTD +1.4%), upping it from Hold to Buy. The firm calls AMTD its top pick in the sector. Comment! [Financials, On the Move]