Charles Schwab upgraded by TD Cowen with a new price target
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TD Cowen upgraded Charles Schwab from Market Perform to Outperform and set a new price target of $87.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 7/8/2024 | $76.00 → $84.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/22/2024 | $87.00 | Market Perform → Outperform | TD Cowen |
| 1/18/2024 | $75.00 → $70.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $75.00 → $70.00 | Buy → Neutral | Citigroup |
| 1/4/2024 | $77.00 | Market Perform | TD Cowen |
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Charles Schwab (NYSE:SCHW) has outperformed the market over the past 20 years by 2.35% on an annualized basis producing an average annual return of 10.62%. Currently, Charles Schwab has a market capitalization of $120.20 billion. Buying $100 In SCHW: If an investor had bought $100 of SCHW stock 20 years ago, it would be worth $748.75 today based on a price of $65.75 for SCHW at the time of writing. Charles Schwab's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
Investors with a lot of money to spend have taken a bullish stance on Charles Schwab (NYSE:SCHW). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SCHW, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 22 uncommon options trades for Charles Schwab. This isn't normal. The overall sentiment of these big-money traders is split between 45% bullish and 40%, bearish. Out of all of th
JMP Securities analyst Devin Ryan maintains Charles Schwab (NYSE:SCHW) with a Market Outperform and lowers the price target from $85 to $82.
Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, announced the Schwab Mortgage-Backed Securities ETF (NYSE:SMBS) began trading today. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1. The ETF provides access to investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies. The goal of the Schwab Mortgage-Backed Securities ETF is to track as closely as possible, before fees and expenses, the total return of the Bloomberg US MBS Float Adjusted Total Return Index. The ETF invests in mortgage-backed pa
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2024 include: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114282831/en/ Core net new assets brought to the company by new and existing clients totaled $24.6 billion. Net new assets excluding mutual fund clearing totaled $21.0 billion. Total client assets equaled $9.85 trillion as of month-end October, up 29% from October 2023 and down 1% compared to September 2024. Transactional sweep cash ended October at $394.0 billion, representing an increase of $10.0 billion versus the prior month. About Cha
Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced the launch of the Schwab Mortgage-Backed Securities ETF (NYSE:SMBS). The first day of trading is expected to be on or about November 19. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1. The ETF will provide simple access to investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies. It is designed to serve as part of a diversified portfolio. "It's been a notable period for the fixed income market, and at Schwab Asset Management we'r
Wells Fargo initiated coverage of Charles Schwab with a rating of Equal Weight and set a new price target of $70.00
Piper Sandler downgraded Charles Schwab from Overweight to Neutral and set a new price target of $64.00 from $80.00 previously
TD Cowen downgraded Charles Schwab from Buy to Hold and set a new price target of $71.00 from $88.00 previously
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 22, 2024 to stockholders of record as of the close of business on November 8, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 2, 2024 to stockholders of record as of the close of business on November 15, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2024-November 30, 2024 $14.88 $0.37
Total Client Assets Increased 27% Year-Over-Year to a Record $9.92 Trillion Core Net New Assets Equaled $95.3 Billion, Year-To-Date Exceeds $250 Billion Quarterly Net Revenues Grew 5% Year-Over-Year to $4.8 Billion The Charles Schwab Corporation reported net income for the third quarter totaling $1.4 billion, or $.71 diluted earnings per common share. Excluding $153 million of pre-tax transaction-related costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.77, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015717862/en/ Client Driven Growth $95.3B 3Q24 Cor
Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder's investment. The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, payable after the close of the markets on October 10, 2024. Shares will begin trading at their post-split price on October 11, 2024. Ticker Fund Record date Payable date NAV/share as of 9/24/24 Split Ratio SCHG Schwab U.S. La
10-Q - SCHWAB CHARLES CORP (0000316709) (Filer)
8-K - SCHWAB CHARLES CORP (0000316709) (Filer)
8-K - SCHWAB CHARLES CORP (0000316709) (Filer)
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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