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A statement released earlier today by SunTrust about Charles Schwab (NYSE:SCHW) bumps the target price to $33.00

Stating a potential upside of 0.04%, SunTrust upped the price target of Charles Schwab (NYSE:SCHW) to $33.00

Boasting a price of $31.69, Charles Schwab (NYSE:SCHW) traded 1.64% higher on the day. With the last close up 10.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. SCHW has recorded a 50-day moving average of $31.24 and a 200-day moving average of $29.12. 10,294,773 shares of the stock traded hands, up from an average trading volume of 7,593,240

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Charles Schwab (NYSE:SCHW)

Charles Schwab has a 52 week low of $21.51 and a 52 week high of $34.52 with a P/E ratio of 27.77 The company’s market cap is currently $0.

In addition to SunTrust reporting its stock price target, a total of 16 brokers have issued a report on the company. The average stock price target is $31.41 with 2 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 7 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Charles Schwab (NYSE:SCHW)

The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services and other corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services, as well as retirement business services. The Company offers a range of products to address individuals' varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds, advice solutions, banking and trust. Its subsidiaries include Charles Schwab & Co., Inc. (Schwab), Charles Schwab Bank (Schwab Bank) and Charles Schwab Investment Management, Inc. (CSIM).

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