Charles Schwab Corp (NYSE:SCHW) has been upgraded to Buy in a statement by Citigroup Inc. today.
- Updated: November 27, 2016
Citigroup Inc. has upgraded Charles Schwab Corp (NYSE:SCHW) to Buy in a statement released on 11/22/2016.
Boasting a price of $38.10, Charles Schwab Corp (NYSE:SCHW) traded -0.31% lower on the day. The last closing price is up 28.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. The company has recorded a 50-day moving average of $33.68 and a 200-day moving average of $30.28. 3,418,536 shares of the stock traded hands, down from an average trading volume of 8,710,090
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Charles Schwab Corp has a 52 week low of $21.51 and a 52 week high of $39.22 with a PE ratio of 31.44 Charles Schwab Corp’s market capitalization is presently $0.
A total of 16 analysts have released a report on Charles Schwab Corp. Two analysts rating the company a strong buy, ten analysts rating the company a buy, seven analysts rating the company a hold, one analyst rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $31.41.
Brief Synopsis On Charles Schwab Corp (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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