Charles Schwab Corporation (NYSE: SCHW) closed the regular session down nearly 3.0% on Wednesday after reporting weaker-than-expected results for its fiscal fourth quarter.
Should you buy Charles Schwab stock?
The multinational ended its financial year with $7.05 trillion of total client assets – a sharp decline from $8.14 trillion a year ago. Still, Payne Capital’s Courtney Garcia recommends buying Charles Schwab stock on the pullback. On CNBC’s “ អាហារថ្ងៃត្រង់ថាមពល”, នាងបាននិយាយថា:
តើអ្នកកំពុងស្វែងរកព័ត៌មានរហ័សព័ត៌មានជំនួយក្តៅនិងការវិភាគទីផ្សារមែនទេ?
ចុះឈ្មោះសម្រាប់ព្រឹត្តិប័ត្រ Invezz ថ្ងៃនេះ។
Numbers weren’t as bad. They were just below last quarter which was a record for them. It shows positive affect by higher interest rates and if we’re in higher for long rate environment, Schwab will continue to be a beneficiary.
Garcia does expect rates to remain up this year. Also a positive was the clients count. In 2022, Charles Schwab added 4.0 million new accounts to end the year with a total of 34 million.
Notable figures in Charles Schwab’s Q4 report
- ប្រាក់ចំណូលសុទ្ធបានបោះពុម្ពនៅ $ 1.97 ពាន់លានដុល្លារធៀបនឹងឆ្នាំមុន $ 1.58 ពាន់លានដុល្លារ
- ប្រាក់ចំណូលក្នុងមួយហ៊ុនក៏បានកើនឡើងពី 76 សេនទៅ 97 សេន
- EPS ដែលបានកែតម្រូវបានមកក្នុងតម្លៃ 1.07 ដុល្លារ សេចក្តីប្រកាសព័ត៌មានស្តីពីប្រាក់ចំណូល
- ប្រាក់ចំណូលបានកើនឡើង 17% ពីមួយឆ្នាំទៅមួយឆ្នាំ ដល់ 5.50 ពាន់លានដុល្លារ
- ការយល់ស្របគឺ $1.09 នៃ EPS ដែលបានកែតម្រូវលើប្រាក់ចំណូល $5.55 ពាន់លានដុល្លារ
- Balance sheet narrowed by 17% versus last year to $115 billion
According to the financial services firm, its customers increasingly switched to bonds and savings accounts to weather the uncertainty in equities in its recently concluded quarter. Charles Schwab stock is currently up 20% versus mid-October.
Source: https://invezz.com/news/2023/01/18/buy-charles-schwab-stock-despite-weak-q4-report/