Schwab Ups 2024 Revenue View, Posts Higher November Client Assets
SCHWCharles Schwab(SCHW) ZACKS·2024-12-16 22:25

Charles Schwab (SCHW) raised its 2024 revenue guidance driven by upbeat equity markets following the U.S. presidential election and “increased investor engagement.” The company also posted a rise in total client assets for November.Nonetheless, SCHW shares lost 4% following the announcement of an increase in the revenue growth target for 2024 on broader market weakness.Schwab’s Favorable 2024 TrendsManagement expects total revenues to rise 3-3.5% year over year. The increase will be driven by “increased inv ...