Professional
Added to YB: 2025-01-16
Pitch date: 2024-12-31
SCHW [bullish]
The Charles Schwab Corporation
+28.18%
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
$169.5B
Pitch Price
$73.23
Price Target
N/A
Dividend
1.34%
EV/EBITDA
N/A
P/E
20.51
EV/Sales
N/A
Sector
Capital Markets
Category
value
Oakmark Global Select Fund New Position: The Charles Schwab Corporation
SCHW: Leading discount brokerage w/ $9T assets, 35M accounts. Scale advantages drive best service/pricing, attracting more clients. High rates caused cash shift, pressuring EPS. Temporary headwind; strong underlying growth to drive deposit/EPS rebound. Opportunity to buy above-average business at market discount.
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