Have you been eager to see how The Charles Schwab Corporation SCHW performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:EarningsSchwab came out with earnings per share of 29 cents, in line with the Zacks Consensus Estimate.A rise in revenues was offset by higher expenses.How Was the Estimate Revision Trend?You should note that the earnings estimate revisions for Schwab depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable at 29 cents per share over the last 7 days.Revenue Came In Higher Than Expected Schwab posted net revenues of $1,764 million, which outpaced the Zacks Consensus Estimate of $1,745 million. Also, it compared favorably with the year-ago number of $1,526 million.Key Statistics:A steady focus on serving investor needs has helped Schwab’s business grow to $2.56 trillion in client assets as of Mar 31, 2016.The company gathered $32 billion of core net new assets in the first quarter 2016. What Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Schwab. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.How the Market Reacted So FarFollowing the earnings release, Schwab shares were up nearly 3% in the pre-trading session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.Check back later for our full write up on this Schwab earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SCHWAB(CHAS) (SCHW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research