Schwab (SCHW) slide due to
disappointing Q2 earnings is highlighted, along with a negative Q2 outlook expressed by CFO. Despite this,
institutional investors still favor the company, owning 71% of the stocks. The company has worked on building a
sustainable growth path after Ameritrade integration and proven to show resilience even as the market falls. There's also notable movement in terms of shares - both bought and sold - by various entities, notably
Assetmark increasing its position and insider selling by a director of 9000 shares. The current price target by
UBS Group is $91.00 and Charles Schwab is perceived as a worthwhile investment by Wall Street, even with the recent dips. This is likely augmented by the fact that Charles Schwab reports
net new assets of $10B in April. The company is seen to have an
enviable, high-return franchise, however, they are facing an upcoming
dividend decision. Weakness is forecasted by analysts, and a downtick in April's net new assets has been reported.
The Charles Schwab Corporation SCHW News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Thu, 23 May 2024 17:00:36 GMT -
Rating -3
- Innovation 6
- Information 8
- Rumor -6