5 Key Earnings Reports from The Financial Sector

3. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 59

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell more than three percent on Tuesday, January 18, 2022, after posting lower-than-expected financial results for the fourth quarter.

The Charles Schwab Corporation (NYSE:SCHW) earned 86 cents per share on an adjusted basis, compared to 74 cents per share in the year-ago quarter. Analysts were looking for earnings of 88 cents per share.

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In addition, The Charles Schwab Corporation (NYSE:SCHW) posted revenue of $4.71 billion, up 13 percent from the comparable period of 2020 but slightly below the consensus forecast of $4.79 billion. The company ended the quarter with total assets of $667 billion, up 22 percent on a year-over-year basis.

Commenting on the results, CFO of The Charles Schwab Corporation (NYSE:SCHW),  Peter Crawford, said in a statement:

“The operating environment, our own strategic and competitive success, and unprecedented levels of client engagement and activity all came together in 2021 to help us deliver impressive financial performance.”