Schwab Q1 Earnings, Federated
Financial services firms have begun to report earnings for the first quarter of 2019, but we've yet to see any news on money market funds or cash investments. That should change Monday, though, as Charles Schwab reports its latest numbers. Website AlphaStreet "Earnings preview: Clients to flock Charles Schwab Q1 results." They tell us, "Financial services firm The Charles Schwab Corp. (NYSE: SCHW) is scheduled to report its first-quarter 2019 earnings results on Monday before the market opens. The results will be benefited by higher client cash sweep balances and an increase in clients trading activity. However, the company has experienced certain macroeconomic headwinds during the quarter. This included continued uncertainties from Brexit, US-China trade war, and global economic slowdown expectations. These headwinds have led to lower market volatility that dragged client activity down. On the positive note, most of the investors who were interested to enter the market have ventured in January and February as Schwab has opened 131,000 and 115,000 new brokerage accounts during the two months. This reflected an improvement in the trading revenues for the first quarter." BlackRock also will report earnings on Tuesday, and Federated Investors will report on 4/25. Federated's release says, "Federated Investors, Inc. (NYSE: FII), one of the world's largest investment managers, will report financial and operating results for the quarter ended March 31, 2019 after the market closes on Thursday, April 25, 2019. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, April 26, 2019. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call." We'll be reading the releases and watching for any cash coverage.
