As we kick of earnings season yet again, investors are anxious to see whether or not individual reports will match the impressive performance recently seen in the broad markets. After the Dow gained roughly 7.7% in September alone, many began to see a light at the end of the tunnel, as the recovery seemed to be on track thanks to strong growth in numerous emerging markets. Now straddling the 11,000 mark, the Dow is up to levels that have not been seen since May of this year. While all of this is good news -- and will likely be augmented by a QE boost from the Fed -- individual earnings will be under the microscope, to see if companies were able to match the market's surge with impressive earnings gains of their own.
Today, Charles Schwab Corporation
Before the market opens, Schwab will announce its earnings, which analysts have estimated that SCHW will post profits of $0.15 a share and revenues just breaking the billion-dollar mark. This is the same estimated EPS that was given last quarter, and Schwab beat those predictions by 2 cents. Overall, many are predicting a solid quarter for the brokerage firm, as their sales are expected to have grown over 5%. This should be good news for investors, as Schwab had a rough first quarter, shattering the confidence many had in the once rapidly growing company [see also How To Use ETFs To Invest Like Warren Buffett].
With this earnings report set for today, the iShares Dow Jones U.S. Broker-Dealers Index Fund
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