Company Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab Reports Record Quarterly Net Income of $416 Million, Up 19%

[Business Wire] – The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2015 was $416 million, up 11% from $376 million for the third quarter of 2015, and up 19% from $350 million for the fourth quarter of 2014. Read more on this. The Charles Schwab Corporation (SCHW) , valued at $34.90B, began trading this morning at $28.05. Looking at today’s market, SCHW one day range is $26.23 to $28.09 with a trailing 52-week range being $25.80 to $35.72. Charles Schwab (SCHW) shares are currently priced at 27.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.09x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.24 per share annually in dividends, yielding 0.85%. According to a consensus of 20 analysts, the earnings estimate of $0.25 per share would be $0.01 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.99 would be a $0.05 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.61 Billion. If reported, that would be a 3.87% increase over the year-ago quarter. More recently, BofA/Merrill downgraded SCHW from Buy to Neutral (Jan 13, 2016). Previously, Piper Jaffray downgraded SCHW from Overweight to Neutral. The average price target for SCHW shares by the analysts covering the stock is $34.68, which is 23.64% above where the stock opened this morning. See more in (NYSE:SCHW) Similar Articles: Stock Update (NYSE:SCHW): Schwab Reports Record Third Quarter Revenue of $1.6 Billion Company Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab Reports Monthly Activity Highlights Stock Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab Compliance Technologies® Completes Distinguished SOC2 Type II Report