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Apr 18, 2025
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Charles Schwab Corp. gained 0.2% to $76.29 after the brokerage and advisory services company reported first-quarter 2025 results...
Revenue surged to $5.60 billion from $4.74 billion, net income edged up to $1.80 billion from $1.25 billion, and diluted earnings per share rose to 99 cents from 68 cents a year ago.
The company added $137.7 billion in core net new assets during the quarter, an increase of 44% from a year earlier, bringing the total client assets up 9% to $9.93 trillion.
“New brokerage account openings increased 8% year-over-year to 1.2 million for the quarter, propelling total active brokerage accounts to 37.0 million,” the company said in a release to investors.
The brokerage company increased its quarterly dividend by 8% and repurchased $1.5 billion worth of common stock. -
American Express gained 0.3% to $252 after the financial services company reported first-quarter 2025 results.
Revenue climbed 7% to $16.97 billion from $15.80 billion, net income edged up 6% to $2.58 billion from $2.44 billion, and diluted earnings per share rose 9% to $3.64 from $3.33 a year ago.
Consolidated expenses were $12.5 billion, an increase of 10% compared to the first quarter in 2024, as operating expenses increased, while marketing expenses were roughly flat from a year earlier. -
Blackstone Inc. inched up 0.01% to $130.40 after the asset management company reported first-quarter 2025 results.
Revenue declined to $3.29 billion from $3.69 billion, net income dropped to $614.85 million from $847.39 million, and diluted earnings per share slipped to 80 cents from $1.11 a year ago.
Total assets under management increased 10% from the prior year to $1.17 trillion, with $61.6 billion of inflows in the quarter and $199.1 billion over the last twelve months.
The company repurchased 0.2 million shares in the quarter and 3.5 million shares over the last twelve months, with a remaining authorization of $1.8 billion at March 31.
Blackstone proposed a quarterly dividend of 93 cents per share, payable on May 5 to shareholders on record as of April 28. -
D.R. Horton Inc. rose 2.3% to $124.03 despite the home builder reporting a decline in revenue and earnings in the first quarter.
Revenue declined to $7.73 billion from $9.11 billion, net income edged down to $810.4 million from $1.17 billion, and diluted earnings per share dropped to $2.58 from $3.52 a year ago.
The company repurchased 9.7 million shares for $1.3 billion and announced a new share repurchase authorization of $5.0 billion.
In addition, the home builder paid cash dividends of $125.5 million in the quarter.
The company proposed a quarterly cash dividend of 40 cents per share, payable on May 9 to shareholders on record as of May 2.
D.R. Horton guided fiscal 2025 revenue to be between $33.3 billion and $34.8 billion, compared to $36.8 billion in 2024, and the company expects to sell between 85,000 and 87,000 homes.
The company estimated share repurchases of approximately $4.0 billion and dividend payments of approximately $500 million in fiscal 2025. -
Ally Financial Inc. gained 0.4% to $31.77 after the bank holding company reported first-quarter 2025 results.
Revenue edged up to $1.48 billion from $1.47 billion, net income swung to a loss of $253 million from a profit of $115 million, and diluted loss per share was 82 cents compared to a profit of 37 cents a year ago.
The company announced a quarterly dividend of 30 cents per share for the fiscal second quarter, unchanged from a year earlier. -
Netflix surged 3.5% to $1,006.79 after the streaming services provider reported first-quarter 2025 results.
Revenue jumped to $10.54 billion from $9.37 billion, net income edged up to $2.89 billion from $2.33 billion, and diluted earnings per share rose to $6.61 from $5.28 a year ago.
The company guided second-quarter revenue to be $11.03 billion, net income at $3.05 billion, and diluted earnings per share at $7.03.
In comparison, revenue in the second quarter of 2024 was $9.56 billion, net income was $2.15 billion, and diluted earnings per share were $4.88.
Netflix estimated full-year 2025 revenue to be between $43.5 billion and $44.5 billion, compared to $39.00 billion in 2024. -
CSX Corp. eased 0.04% to $27.34 after the rail transportation services provider reported first quarter 2025 results.
Revenue declined 7% to $3.42 billion from $3.68 billion, net earnings edged down 27% to $646 million from $880 million, and diluted earnings per share dropped 24% to 34 cents from 45 cents a year ago.
Total cargo volume of 1.52 million units for the quarter was 1% lower compared to 1.53 million units in the prior year, while intermodal volume was 2% higher at 0.72 million from 0.70 million a year ago.
The rail services company said the constantly shifting tariff landscape is adding uncertainty to a soft automotive market. -
The Goldman Sachs Group Inc. eased 0.4% to $502.06 after the financial service reported first-quarter 2025 results.
Revenue climbed to $15.06 billion from $14.21 billion, net earnings edged up to $4.58 billion from $3.93 billion, and diluted earnings per share rose to $14.12 from $11.58 a year ago.
Operating expenses were $9.13 billion in the quarter, 5% higher than the same period a year earlier and 10% higher than the fourth quarter of 2024.
Equities revenue increased to $4.19 billion from $3.31 billion, and investment banking fees edged down to $1.92 billion from $2.08 billion a year earlier.
Commissions and fees in the quarter jumped to $1.23 billion from $1.08 billion a year ago.
Total assets under supervision climbed to $3.17 trillion from $2.85 trillion, with equity increasing to $771 billion from $713 billion and fixed income rising to $1.22 trillion from $1.14 trillion a year ago.
The company proposed a dividend of $3.00 per share, payable on June 27 to shareholders on record as of May 30.
In addition, Goldman Sachs approved a share repurchase program for up to $40 billion of common stock.
During the first quarter, the bank repurchased $4.36 billion of its common stock, 7.1 million shares at an average cost of $610.57, and paid $976 million in dividends. -
Citigroup Inc. gained 0.6% to $63.58 after the banking company reported results for the first quarter of 2025.
Revenue increased 3% to $21.60 billion from $21.02 billion, net income jumped 21% to $4.06 billion from $3.37 billion, and diluted earnings per share rose to $1.96 from $1.58 a year ago.
The company’s operating expenses were down 5% to $13.4 billion compared to the prior year.
The financial services company returned a total of approximately $2.8 billion to common shareholders during the quarter in the form of dividends and share repurchases. -
JPMorgan Chase & Co. jumped 4.2% to $236.29 after the banking company reported first quarter of 2025 results.
Net revenue edged up to $45.31 billion from $41.93 billion, net income jumped to $14.64 billion from $13.42 billion, and diluted earnings per share rose to $5.07 from $4.44 a year ago.
The company proposed a dividend of $1.40 per share or a total of $3.9 billion and announced $7.1 billion of common stock net repurchases.
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