Charles Schwab (SCHW) sees FY revenue increasing by 17.5-18.5% vs prior year; FY adj. expenses to grow by 9.5 to 10.5% Y/Y
Charles Schwab's forecast of FY revenue growth between 17.5% and 18.5% indicates strong business momentum, especially in the current market environment.
[MARKET UPDATE] USD/JPY reaches a new YTD high of 162.89, helped by DXY strength
Vertiv (VRT) expands its Tognana campus to expand manufacturing and integrated testing capabilities for data centre cooling systems
Charles Schwab (SCHW) sees FY revenue increasing by 17.5-18.5% vs prior year; FY adj. expenses to grow by 9.5 to 10.5% Y/Y
Kuwait says it is currently responding to Iranian drones and missiles
Sirens sounded in Kuwait and Bahrain, Al Arabiya reports
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However, with expected expense growth of 9.5% to 10.5%, it will be important to monitor the company's ability to maintain margin expansion and overall profitability. This guidance could play a significant role in shaping investor sentiment around financial services stocks, particularly if the outlook is seen as a barometer for sector health.
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