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Home/Briefs/equity markets

BriefApril 17, 2026 · 08:09 PM

Revenue miss outweighs record profits to drop Charles Schwab shares

Shares of Charles Schwab declined approximately 3.5% in early trading on April 16, 2026. The decline followed a first-quarter revenue report of $6.48 billion, which fell short of LSEG's estimate of $6.5 billion. This revenue miss pressured the stock despite the company reporting record quarterly profits and earnings per share of $1.43, which surpassed LSEG's forecast by three cents.

Freya Drummond

equity marketsearnings reportsretail brokerage

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