Even as some Wall Street analysts are trimming estimates for Charles Schwab Corp.’s fourth-quarter earnings, there is a general view that Schwab’s long-running efforts to reinvent itself are bearing fruit as it navigates an unfriendly market.

In recent weeks some Wall Street firms, which cited the cooling of retail investor sentiment amid volatile stock markets, have backed away from a consensus earnings estimate that had called for per-share earnings growth at Schwab of 14 cents from the same period last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.