Charles Schwab (NYSE:SCHW) Stock Tumbles after Weak Results – SCHW, AEG, BAC, SEIC

Charles Schwab Corp’s (NYSE:SCHW) stock moved down on Monday after the company announced net income that came in lower than estimates, mainly because of trading activity that was more muted than forecasted regardless of a run-up in the stock market current year.

The discount stock brokerages announced its net income moved up below 2% to $198 million or 15 cents a share on a revenue boost of 8% to $1.29 billion. However, revenue hiked faster than projected and earnings came up a penny short of forecasts by analysts surveyed by FactSet.

Shares of company tumbled along with a drop in the overall market. The Dow Jones industrial average finished down 1.8% at 14,599.20 as the market was hit by fears regarding slowing growth in China.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. AEGON N.V. (ADR) (NYSE:AEG) fell -3.10% to settle at $5.94, Bank of America Corp (NYSE:BAC) moved down -1.56% to end at $11.98 while SEI Investments Company (NASDAQ:SEIC) dropped -3.50% to finish at $27.81 on Monday.

Charles Schwab Corp (NYSE:SCHW) on April 15, 2013 decreased -3.82% to the closing price of $16.62. The overall volume in the last trading session was 10.53 million shares. Its fifty two weeks range was $11.64 – $18.34. The total market capitalization remained at $21.24 billion.

SCHW is ahead of its 52-week low with 44.62% and lagging behind from its 52-week high price with -9.38%. SCHW’s last month’s stock price volatility remained 2.11%. In its share capital SCHW has 1.28 billion outstanding shares, among them 1.09 billion shares have been floated in market exchange. SCHW’s stock’s institutional ownership remained 77.12% while insider ownership included 0.30%.

The stock price of SCHW is moving down from its 20 days moving average with -4.17% and remote negatively from 50 days moving average with -2.74%. SCHW’s current year’s earnings per share experienced a downfall of -1.49% while its current quarter performance remained at 8.41%. Company’s beta coefficient included 1.29. Beta factors measure the amount of market risk associated with market trade.

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