Schwab says market volatility fueled volume as Q1 profit outpaces estimates

Dow Jones

17 Apr

MW Schwab says market volatility fueled volume as Q1 profit outpaces estimates

Charles Schwab Corp.'s stock $(SCHW)$ was up 2.9% in premarket trading after the online broker and money-management company said market volatility drove a surge in average trading volume, as it beat Wall Street analyst estimates for first-quarter profit.

Schwab said "a sharp increase in market volatility" during the quarter drove a 17% jump in daily average trading volume.

The financial firm's first-quarter net income rose to $1.91 billion, or 99 cents a share, from $1.36 billion, or 68 cents a share, in the year-ago quarter.

Adjusted first-quarter profit of $1.04 a share beat the FactSet consensus estimate of $1.01 a share.

Schwab's first-quarter revenue increased to $5.6 billion from $4.74 billion in the year-ago quarter, ahead of the analyst projection of $5.53 billion.

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 17, 2025 07:47 ET (11:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 17, 2025 07:47 ET (11:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2528715155","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528715155","pubTimestamp":1744890420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Charles Schwab Corp.'s stock  was up 2.9% in premarket trading after the online broker and money-management company said market volatility drove a surge in average trading volume, as it beat Wall Street analyst estimates for first-quarter profit.Schwab said \"a sharp increase in market volatility\" during the quarter drove a 17% jump in daily average trading volume.The financial firm's first-quarter net income rose to $1.91 billion, or 99 cents a share, from $1.36 billion, or 68 cents a share, in the year-ago quarter.Adjusted first-quarter profit of $1.04 a share beat the FactSet consensus estimate of $1.01 a share.Schwab's first-quarter revenue increased to $5.6 billion from $4.74 billion in the year-ago quarter, ahead of the analyst projection of $5.53 billion.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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