Added to YB: 2024-11-06
Pitch date: 2024-09-30
SCHW [bullish]
The Charles Schwab Corporation
+51.92%
current return
Author Info
No bio for this author
Company Info
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally.
Market Cap
$161.2B
Pitch Price
$63.62
Price Target
N/A
Dividend
1.19%
EV/EBITDA
N/A
P/E
21.26
EV/Sales
N/A
Sector
Capital Markets
Category
turnaround
Ariel Investments Appreciation Fund Portfolio Holding: The Charles Schwab Corporation
SCHW: Shares down on declining transactional cash balances, lower rates, exec retirements. Plans to use 3rd-party banks for extended FDIC coverage, improved liquidity. Scale & customer focus to drive organic growth, deposit regrowth. TD Ameritrade acquisition enhances industry position & long-term growth potential.
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