Third-quarter revenue is forecast at $4.2 billion, down about 1.7% sequentially almost 4% higher year over year. Adjusted EPS are expected to come in at $1.08, a decline of 5.8% sequentially and a dip of 3.4% year over year. For the full 2022 fiscal year, analysts anticipate EPS of $4.22, up 0.9%, on revenue of $16.61 billion, up 4.3%.
The bank’s stock trades at 8.8 times expected 2022 EPS, 8.0 times estimated 2023 earnings of $4.68 and 7.1 times estimated 2024 earnings of $5.22 per share. The 52-week range is $37.27 to $64.63. BNY Mellon pays an annual dividend of $1.48 (yield of 3.85%). Total shareholder return for the past 12 months was negative 30.9%.
Charles Schwab
Charles Schwab Corp. (NYSE: SCHW) has seen its share price fall by about 7% over the past 12 months. Since posting a 52-week high in mid-February, the shares have dropped by more than 25%. Analysts began boosting the stock in late August with new coverage and, in several cases, raised ratings. The company’s new net assets rose 37% month over month, and new brokerage accounts rose 17%.
The firm was sued earlier this month for violating California’s Invasion of Privacy Act for recording and using callers’ biometric voice prints to verify callers’ identities and determining whether they are making true statements without first asking for permission to do so.
Analysts are mostly bullish on the stock, with 12 of 18 rating the shares at Buy or Strong Buy and the rest having Hold ratings. At a share price of around $71.90, the upside potential based on a median price target of $86.50 is 20.3%. At the high target of $100.00, the upside potential reaches 39.1%.
Third-quarter revenue is forecast at $5.42 billion, up 6.3% sequentially and by about 18.6% year over year. Adjusted EPS are forecast to rise by 8.7% to $1.05 sequentially and by 25.0% year over year. The current estimates for the 2022 fiscal year call for revenue of $20.83 billion, up 12.5%, and EPS of $3.92, up more than 20%.
Schwab trades at 18.3 times expected 2022 EPS, 14.6 times estimated 2023 earnings of $4.92 and 13.3 times estimated 2024 earnings of $5.42 per share. The stock’s 52-week range is $59.35 to $96.24. Schwab pays an annual dividend of $0.88 (yield of 1.23%). Total shareholder return for the past year is negative 6%.
Originally posted at 24/7 Wall St.
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