The Charles Schwab Corporation (SCHW) recently experienced gains as the market dipped. Institutional owners demonstrate a strong preference for the company, holding about 71% of it. The Q1 earnings showed key metrics lining up well against estimates, though the company's stock underperformed when compared to competitors on certain days. Various firms, including Roundview Capital LLC and Artisan Partners Limited Partnership, have increased their holdings in Charles Schwab.
Despite some stock down trading instances, the company has received a Market Outperform rating from JMP Securities, and an Average Hold rating from various analysts. The company is expected to pay a US$0.25 dividend soon. Other reports suggested investors may be overpaying with respect to the company's intrinsic value. Also, the CFO suggested that Q2 earnings might not be higher than Q1.
Despite some losses, Schwab's stock outperformed competitors on several days and even hit a new 1-year high at $79.49. After the integration of Ameritrade, Schwab underscores its sustainable growth path. However, the company also reported a 3% dip in total client assets amidst the tax season.
The Charles Schwab Corporation SCHW News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Thu, 30 May 2024 14:41:08 GMT - Rating 5 - Innovation 3 - Information 8 - Rumor -4
