SCHW · Charles Schwab Corp.
AI read · Neutral
The AI's read
The results give Schwab both a growth story and a funding problem. Profit per share was $1.69, above the $1.66 estimate. Sales rose 17% to a record $7.17 billion, but missed the $7.19 billion estimate. Deposits fell to $244.1 billion for a 3rd straight quarter. Schwab also borrowed more from other financial firms at higher cost, making it harder to earn money from lending. Use of AI trading tools doubled in 6 months, but their financial benefit is not yet clear. Analysts split on future profit estimates, so the report does not show one side clearly outweighing the other.