The Charles Schwab Corporation Released its Monthly Activity Report
<p><a href='https://financialmodelingprep.com/financial-summary/SCHW'>The Charles Schwab Corporation (NYSE:SCHW)</a> released its Monthly Activity Report, with May metrics reasonably good overall, albeit somewhat mixed.</p>
<p>The company provided a preliminary outlook that appears to indicate Q2 EPS of $0.90 to $0.92, compared to the Street estimate of $0.92. Q2 revenue is expected to grow from 7.5% to 8.5% sequentially. </p>
<p>While client cash sorting has started (to higher-yielding and less profitable products), the analysts at Deutsche Bank believe the pace has been mild so far in May and early June. The analysts reiterated their view that higher short-term interest rates are a more powerful positive contributor to revenue than balance sheet deposit runoff is from a contra-revenue perspective.</p>

NYSE:SCHW