How did SCHW's Q4 earnings surprise impact investors?

**Charles Schwab's Q4 earnings surprise had a positive impact on investors**, as evidenced by the company's strong financial performance and the market's favorable response to the news.

1. **Earnings Performance**: Charles Schwab reported quarterly earnings of $0.77 per share, which exceeded the Zacks Consensus Estimate of $0.75 per share. This achievement reflects the company's solid financial performance and operational efficiency.
2. **Revenue Achievement**: The company's revenue for the quarter was $4.85 billion, which further substantiates its robust business model and market presence.
3. **Analyst Expectations**: Analysts at Zacks Research had recently lifted their FY2024 EPS estimates for Charles Schwab, indicating a positive outlook on the company's future earnings potential. This adjustment in estimates can bolster investor confidence, as it suggests that the company's performance is likely to exceed market expectations.
4. **Market Reaction**: The market's reaction to the earnings news has been positive, with investors likely viewing Charles Schwab as a stable and profitable investment option. This sentiment is reinforced by the company's consistent performance, as indicated by the sequential earnings growth expected in Q4.
5. **Investor Sentiment**: The anticipation of further EPS growth for Q4, coupled with the expansion of the Net Interest Margin (NIM), suggests that Charles Schwab is well-positioned to deliver strong financial results in the coming quarters. This outlook can attract investors seeking long-term growth opportunities.

In conclusion, Charles Schwab's Q4 earnings surprise, characterized by a strong earnings beat and optimistic revenue figures, has likely contributed to heightened investor confidence and a positive market perception of the company.