Charles Schwab upgraded by Morgan Stanley with a new price target
$SCHW
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Morgan Stanley upgraded Charles Schwab from Equal-Weight to Overweight and set a new price target of $76.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2025 | $76.00 | Equal-Weight → Overweight | Morgan Stanley |
| 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 |
March Core Net New Assets Equal $59.1 Billion, 1Q25 Totals $137.7 Billion 1Q25 Net Revenues Up 18% Year-Over-Year to a Record $5.6 Billion Quarterly GAAP Earnings Per Share of $.99, $1.04 Adjusted (1) – Up 41% Versus 1Q24 The Charles Schwab Corporation reported net income for the first quarter totaling $1.9 billion, or $.99 earnings per share. Excluding $130 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.0 billion and $1.04, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250417974117/en/ Client Driven Growth $137.7B 1Q25 Core Net New Assets "I
The Charles Schwab Corporation today announced it has made a minority investment in Wealth.com, the #1 rated estate planning platform in wealth management1 that is modernizing how financial advisors help clients of all wealth levels with their estate planning needs. Schwab's investment will help Wealth.com continue to scale its capabilities to make it easier for financial firms and advisors to provide valuable estate planning services to individuals and families. Wealth.com's platform equips advisors and financial professionals to offer estate planning solutions that are modern and sophisticated—yet approachable and easy for clients to navigate. Financial advisors use Wealth.com's platform
New offer builds on Schwab's broad array of wealth, advice and investment management solutions to meet the evolving needs of high net worth and ultra-high net worth clients. Charles Schwab today announced that Schwab Alternative Investments Select, its new alternative investments platform, is now available to all eligible retail clients with more than $5 million in household assets at Schwab. The new offer expands on Schwab's comprehensive wealth management capabilities that serve high net worth (HNW) and ultra-high net worth (UHNW) clients who are increasingly seeking to supplement their investments with non-traditional approaches and access to private markets to meet their portfolio goa
Morgan Stanley upgraded Charles Schwab from Equal-Weight to Overweight and set a new price target of $76.00
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
March Core Net New Assets Equal $59.1 Billion, 1Q25 Totals $137.7 Billion 1Q25 Net Revenues Up 18% Year-Over-Year to a Record $5.6 Billion Quarterly GAAP Earnings Per Share of $.99, $1.04 Adjusted (1) – Up 41% Versus 1Q24 The Charles Schwab Corporation reported net income for the first quarter totaling $1.9 billion, or $.99 earnings per share. Excluding $130 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.0 billion and $1.04, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250417974117/en/ Client Driven Growth $137.7B 1Q25 Core Net New Assets "I
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
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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
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