Charles Schwab downgraded by Citigroup with a new price target
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Citigroup downgraded Charles Schwab from Buy to Neutral and set a new price target of $102.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/2/2025 | $102.00 | Buy → Neutral | Citigroup |
| 4/2/2025 | $102.00 | Neutral → Buy | Citigroup |
| 2/18/2025 | $88.00 → $103.00 | Hold → Buy | TD Cowen |
| 1/22/2025 | $89.00 → $93.00 | Equal Weight → Overweight | Wells Fargo |
| 12/9/2024 | $74.00 → $95.00 | Equal Weight → Overweight | Barclays |
| 9/12/2024 | $70.00 | Equal Weight | Wells Fargo |
| 7/29/2024 | $80.00 → $64.00 | Overweight → Neutral | Piper Sandler |
| 7/17/2024 | $88.00 → $71.00 | Buy → Hold | TD Cowen |
The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Thursday, April 17th. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management's strategic focus areas. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include President and Chief Executive Officer Rick Wurster and Chief Financial Officer Mike Verdeschi. The Update will be accessible at https://schwabevents.com/corporation. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW)
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2025 include: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250314600631/en/ Core net new assets brought to the company by new and existing clients totaled $48.0 billion – a year-over-year increase of approximately 44%. Total client assets equaled $10.28 trillion as of month-end February, up 16% from February 2024 and down 1% compared to January 2025. New brokerage accounts opened during the month totaled 362,000, representing the 15th consecutive month of at least 300,000 new account opens. February dai
Schwab clients were buyers of equities in February; Buying in Information Technology, Consumer Discretionary and Communication Services early in the month preceded a shift away from the ‘Magnificent Seven' weeks later The Schwab Trading Activity Index™ (STAX) increased to 51.94 in February, up from its score of 49.45 in January. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. This press release features multimedia. View the full release here: https://w
TORONTO, Feb. 11, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced that, further to its news release on February 10, it has agreed to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW). TD currently holds 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank will sell 165,443,530 shares through a registered offering at a price of US$79.25 per share. Schwab will purchase 19,235,208 shares from the Bank for a total purchase price of US$1.5 billion. The sale is expected to close on February 12, 2025, subject to customary closing conditions. The transaction will generate net proceeds
Portion of proceeds to be allocated toward normal course issuer bid TORONTO, Feb. 10, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced its intent to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW) through a registered offering and share repurchase by Schwab. TD will continue to have a business relationship with Schwab through the Insured Deposit Account (IDA) Agreement. TD currently holds 184.7 million shares of Schwab's common stock, representing 10.1% economic ownership. Schwab has agreed to repurchase US$1.5 billion of its shares from TD conditional on completion of the offering. A preliminary prospectus supplem
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 8%, increase in the regular quarterly cash dividend to $0.27 per common share. The dividend is payable February 28, 2025 to stockholders of record as of the close of business on February 14, 2025. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 3, 2025 to stockholders of record as of the close of business on February 14, 2025: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1,
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
SC 13G - SCHWAB CHARLES CORP (0000316709) (Subject)
SC 13G/A - SCHWAB CHARLES CORP (0000316709) (Subject)
SC 13D/A - SCHWAB CHARLES CORP (0000316709) (Subject)
DEFA14A - SCHWAB CHARLES CORP (0000316709) (Filer)
DEF 14A - SCHWAB CHARLES CORP (0000316709) (Filer)
8-K - SCHWAB CHARLES CORP (0000316709) (Filer)
Citigroup downgraded Charles Schwab from Buy to Neutral and set a new price target of $102.00
Citigroup upgraded Charles Schwab from Neutral to Buy and set a new price target of $102.00
TD Cowen upgraded Charles Schwab from Hold to Buy and set a new price target of $103.00 from $88.00 previously
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
Will Continue Serving as Executive Co-Chairman of the Board of Directors Rick Wurster Named CEO to Succeed Bettinger The Charles Schwab Corporation today announced, as part of its multi-year succession plan, that Walt Bettinger has notified the Board of Directors of his intention to retire as Chief Executive Officer effective December 31, 2024. Rick Wurster, President of Schwab since 2021, will be named President and CEO and will join the Schwab Board of Directors, effective January 1, 2025. Bettinger will continue to serve as Executive Co-Chairman of the Board of Directors, along with founder Charles R. Schwab. Bettinger has successfully led Schwab as CEO since late 2008. Some of the ma
The Charles Schwab Corporation today announced its Board of Directors has approved the appointment of Carrie Schwab-Pomerantz as a director, effective immediately. Schwab-Pomerantz is currently a managing director at Charles Schwab & Co., leading the firm's efforts across financial literacy, community service and philanthropy. She is also a recognized personal finance expert and author, known for her popular investing advice column Ask Carrie. She originally joined the firm in 1983 and began her tenure in client-facing and product roles. She has served as Board Chair of the Charles Schwab Foundation since 2014 and as Board Chair of Schwab Charitable since 2012. She is Chair of the National
Bettinger to Share Board Leadership Responsibilities with Charles R. Schwab in Addition to Chief Executive Role The Charles Schwab Corporation today announced its board of directors has unanimously approved the appointment of Chief Executive Officer Walter W. Bettinger II as Co-Chairman of the Schwab Board of Directors, along with Founder and Co-Chairman Charles R. Schwab. In addition to becoming Co-Chairman for The Charles Schwab Corporation, Mr. Bettinger will become Co-Chairman of the boards of the firm's banking subsidiaries: Charles Schwab Bank, SSB (CSB); Charles Schwab Premier Bank, SSB (CSPB); and Charles Schwab Trust Bank (CSTB). These changes reflect Mr. Schwab's and the board's