How did CHSCP's revenue and expenses trend in Q3 2024?

Charles Schwab's (CHSCP) revenue and expenses in Q3 2024 showed a positive trend in revenue and a concerning trend in expenses. 1. **Revenue Trend**: CHSCP's revenue was expected to rise by 2-3% sequentially, driven by healthy investor engagement across its modern wealth platform and a slowdown in rate-related client cash realignment activity. This indicates a positive growth trajectory for the company's revenue in Q3 2024. 2. **Expense Trend**: The company's net interest margin (NIM) was projected to be at least 40% in Q3 2024, with an expected NIM of around 2.2% by the fourth quarter, down from the previous guidance of 2.25-2.65%. This suggests a potential challenge for Schwab in maintaining its NIM as funding costs increase and low-yielding assets from the pandemic continue to impact its performance. Additionally, the company's expenses related to third-party processing and other services increased by 22.7% to $8.0 million in Q3 2024 compared to the previous quarter. This indicates a concerning trend in expenses that could impact the company's overall profitability. In conclusion, while CHSCP's revenue trend in Q3 2024 appears positive, the company's expenses, particularly in the form of third-party processing and other services, are trending upwards. The impact of these expenses on overall profitability will be crucial to monitor.