What's up Eeps? Welcome back to the five-minute peel.

Earning season continues to roll right along, and as usual, we are here right alongside it, covering all the important stocks that we know you guys want to see. Today, we are going to be breaking out Charles Schwab Corporation. Keep in mind, this is just an assessment of their first quarter earnings, although we do have a price target at the very end. Just don't tell anybody it's a super secret. So keep that all to yourself so that you can outperform your friends in your personal trading account.

All right.

We're going to be break down charles swab here today in just a quick second but apes keep in mind as our next season rolls on let us know what companies you want to see us break down and we'll get right to it as quickly as possible and it is just a coincidence that my shirt happens to perfectly match the exact logo of Charles Schwab here.

We all know that this is actually called WSO Blue and definitely not Charles Schwab blue, but with no further ado, let's go ahead and break down these numbers.

So hold on my trusty little word document here so that we can talk about exactly how Charles Schwab continues to go ahead and do nothing but eat assets. Give your mind out of the gutter, by the way, H. We absolutely did not do that on purpose whatsoever. I mean, they're just eating assets. We're going to break it down just a quick second exactly how much assets that they are continuing to eat. But, you know, of course, didn't do that on purpose. Get your mind out of a gutter. Let's break down some of this basic information, okay? So the stock price has been rewarded handsomely over the past year up about 35%. Although, as we can see in this chart, it is relatively flat since about December. So, you know, market hasn't really moved much based on the full year numbers for 2023 and the quarterly numbers that we just got, but we're going to talk about

exactly why that might be a little bit of a mistake, despite the fact that full year EPS did

decline by about 28% close to 29, revenue fell almost 10%, or really 9.3%, net income fell by, you know,

nearly 30%, so very disgusting, tough time managing costs throughout 2023. It was a weird year for financial services companies like Schwab.

And we'll break down exactly why in just a quick second.

So make sure to stay tuned.

But net income margin did decline by about 22.25%.

Despite the fact that the company's net interest income margin actually improved in 2023.

And they were basically the only

financial services company to do so.

Now, let's talk about some of the most important things from this first quarter report here.

Revenue did beat expectations despite that decline, increase of 6%.

Quarter over quarter, but down 7.3%.

Year over year, beat expectations by about five basis points.

EPS also beat expectations barely at all by literally one cent or 1.37%.

It's almost like these companies set expectations just so that they can barely beat them

and not get absolutely brutalized as a result of the numbers that they published.

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