Charles Schwab will announce its second-quarter earnings this Tuesday before market open. Analysts expect revenue to grow 18% year on year, a slowdown from the 24.8% increase recorded in the same quarter last year. The company met revenue expectations last quarter with $6.48 billion, up 15.8% year on year, but has missed Wall Street revenue estimates multiple times over the past two years. Peers Goldman Sachs and Morgan Stanley have already reported Q2 results, with Goldman Sachs beating estimates by 23.7% on 39.5% revenue growth and Morgan Stanley topping estimates by 8.7% on 27.1% revenue growth. Charles Schwab shares are up 10.8% over the last month, heading into earnings with an average analyst price target of $120.74 compared to the current share price of $102.
Goldman Sachs Group Inc
Morgan StanleyCharles Schwab CorpUpcoming Q2 earnings report with expected 18% revenue growth, but outcome unknown.