Charles Schwab stock (NYSE: SCHW) has gained 8% YTD as compared to the 12% rise in the S&P500 index over the same period. In sharp contrast, Charles Schwab's peer Goldman Sachs (NYSE: GS) is up 20% since the beginning of 2024.
Charles Schwab reports positive earnings, exceeding analyst expectations, indicating a potential turnaround and future growth. Schwab's well-defined corporate strategy, including low-cost leadership, educational resources, and strong brand reputation, positions it well for continued growth and market share gains. Initiating coverage with a cautious buy based on Schwab's healthy financials, potential benefit from lower interest rates. However, near-term volatility is possible due to Fed meetings and earnings report.
UBS analyst Brennan Hawken on Thursday raised his price target for Charles Schwab Corp. on the financial service firm's growth prospects and untapped cost savings from its acquisition of TD Ameritrade.
Schwab (SCHW) provides disappointing Q2 adjusted earnings and NIM guidance. This turns investors bearish on the stock, which dips 4.6%.
Charles Schwab Corp.'s longtime chief financial officer said Thursday he plans to retire as part of a trio of senior departures after wrapping up a four-year integration of TD Ameritrade.