NEW YORK (TheStreet) -- Charles Schwab Corp. (SCHW - Get Report) shares are increasing 1.12% to $28.94 on Thursday afternoon ahead of the company's fiscal 2016 first quarter financial results due out Friday before the opening bell.
Both profit and revenue are anticipated to rise year-over-year.
Wall Street is looking for earnings of 29 cents a share on revenue of $1.75 billion.
A year ago, the investment broker earned 22 cents a share on revenue of $1.526 billion.
The company will likely benefit from the wide variety of its investing services and online trading system, Zacks analysts said. It also has been aggressively focusing on exchange-traded funds.
However, given the global headwinds, investment banking revenues, equities revenues as well as fixed income are likely to decline.
Based in San Francisco, Charles Schwab provides wealth management, securities brokerage, banking, money management, custody, and financial advisory services.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: SCHW