Professional
Added to YB: 2024-03-21
Pitch date: 2024-01-31
SCHW [bullish]
The Charles Schwab Corporation
+57.79%
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
$61.25
Price Target
N/A
Dividend
1.19%
EV/EBITDA
N/A
P/E
21.26
EV/Sales
N/A
Sector
Capital Markets
Category
value
Sequoia Fund Added On Portfolio Holding: The Charles Schwab Corporation
SCHW: Stock -16% in '23 after resilient '22. Banking panic unfairly hit $SCHW despite insured deposits, liquidity. Near-term NIM pressure as clients shift to MMFs, but long-run benefits from higher rates. Franchise intact w/ $8.5T AUM, 35M accounts. Attractive valuation for premier wealth mgmt platform.
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