The Charles Schwab Corporation (SCHW) has been in the limelight lately with several financial movements and strategic steps. The firm has become a favored pick among investors for being a good holding company stock to buy, with various asset management firms increasing their stock positions in SCHW, including
Provident Trust Co.,
Principal Financial Group Inc., and
Hardman Johnston Global Advisors LLC. Moreover, SCHW managed to surpass Q3 earnings and revenue estimates, fueled by asset gathering, sweep cash growth, and paying down costly debt. However, the company has seen a decrease in earnings over the past five years, summoning a circumspect approach from some investors, especially with reports of insider selling. Regardless, the strong Q3 performance triggered a growth in EPS expectations for Q4, and for investors looking for value, SCHW has been touted as an opportunity to buy. Notably, despite being targeted by
The Law Offices of Frank R. Cruz for investor investigation, SCHW remains resilient and popular, with 71% ownership by institutional investors.
The Charles Schwab Corporation SCHW News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Sat, 09 Nov 2024 13:30:03 GMT -
Rating 7
- Innovation -5
- Information 6
- Rumor -3
