a man passes by a location of financial broker charles schwab in the financial district in new york march 20 2023 schwab generated 75 cents in adjusted earnings per share on 466 billion in revenue analysts surveyed by refinitiv estimated 71 cents per share on 461 billion of revenue cfo peter crawford said in the release that revenue which fell 9 year over year was hurt by customers reallocating their cash with higher rates however crawford stated that we observed a continued and substantial deceleration in the daily pace of cash outflows in june and that the company expected client cash to start growing again by the end of the year shares of schwab entered tuesday down nearly 30 for the year the stock was hit hard during the regional banking crisis in march as investors grew concerned about the value of the debt on schwabs balance sheet and potential deposit outflows