BMO Capital Markets Analysts Begin Coverage on Charles Schwab (SCHW)
Wednesday, July 13, 2021 1:31 PM

Equities research analysts at BMO Capital Markets initiated coverage on shares of Charles Schwab (NASDAQ: SCHW) in a research note to investors on Wednesday. The analysts set an "outperform" rating on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Charles Schwab from a "neutral" rating to an "underperform" rating in a research note to investors on Monday. Also, analysts at Citigroup (NYSE: C) initiated coverage on shares of Charles Schwab in a research note to investors on Wednesday, July 6th. They set a "hold" rating on the stock.

Shares of Charles Schwab traded up 0.97% during mid-day trading on Thursday, hitting $15.56. Charles Schwab has a 52 week low of $12.64 and a 52 week high of $19.69. The stock's 50-day moving average is $16.35 and its 200-day moving average is $17.77. The company has a market cap of $18.777 billion and a price-to-earnings ratio of 26.80.

Charles Schwab last announced its quarterly results on Tuesday, January 18th. The company reported $0.10 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.10 EPS. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Charles Schwab will post $0.21 EPS next quarter.

The Charles Schwab Corporation (CSC) is a financial holding company. Through its subsidiaries, the Company engages in securities brokerage, banking and related financial services. As of December 31, 2009, CSC provided financial services to individuals and institutional clients through two segments: Investor Services and Institutional Services. As of December 31, 2009, the Company had $1.42 trillion in client assets, 7.7 million active brokerage accounts, 1.5 million corporate retirement plan participants and 722,000 banking accounts. The Investor Services segment includes the Company’s retail brokerage and banking operations. The Institutional Services segment provides custodial, trading, and support services to independent investment advisors (IAs), as well as retirement plan, equity compensation plan, and other financial services to corporations and their employees. In November 2010, the Company aquired Windward Investment Management, Inc.

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