Charles Schwab sees Q1 revenue growth of approximately 5% to 6%

“With the company’s diversified financial model benefiting from rising equity markets and stronger client trading activity to start the year, the company anticipates first-quarter sequential revenue growth of approximately 5% to 6% and adjusted pre-tax profit margin expansion of nearly four percentage points versus the fourth quarter as the full impact of the late 2023 incremental cost savings are realized. Adjusted pre-tax profit margin in Q1 is currently expected to expand by more than 900 basis points versus 4Q23. This sequential improvement is driven by a combination of business performance and lower expected non-GAAP adjustments during the first quarter of 2024. 4Q23 adjustments totaled $413 M, including $216 Min pre-tax restructuring costs.” Consensus for Q1 revenuie is $4.72B