The Stock Market is Back, Baby! (SCHW)
Tweet
Share
E-mailGet Alerts SCHW Hot Sheet
Price: $109.29 -0.99%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +27.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +27.5%
Join SI Premium – FREE
Charles Schwab (Nasdaq: SCHW) reported its first-quarter earnings today, and posted a beat on the top and bottom. EPS was $0.20 and revs were $1.21 billion, compared with consensus EPS of $0.19 and revs of $1.18 billion.
But that's not necessarily where the story is. Where's the story? Patriarch Chuck Schwab himself reported that clients "have now reduced the percentage of their assets at Schwab held in cash to pre-crisis levels." So, no one is afraid of a crash again? No one wants to "keep money out of the markets and put it under the shed?"
It appears even retail investors now realize the stock market is back and bigger than ever!
Schwab shares are up 1.2 percent.
But that's not necessarily where the story is. Where's the story? Patriarch Chuck Schwab himself reported that clients "have now reduced the percentage of their assets at Schwab held in cash to pre-crisis levels." So, no one is afraid of a crash again? No one wants to "keep money out of the markets and put it under the shed?"
It appears even retail investors now realize the stock market is back and bigger than ever!
Schwab shares are up 1.2 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EU proposes to curb Airbnb and short-term rentals amid housing shortage
- Computacenter Plc. (CCC:LN) PT Raised to GBP60 at JPMorgan
- Ardent Health revises 2025 non-GAAP figures after SEC staff talks
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
