Charles Schwab (NYSE:SCHW) has been upgraded from Neutral to Buy in a statement by BofA Merrill earlier today.
- Updated: October 13, 2016
Having a price of $31.73, Charles Schwab (NYSE:SCHW) traded -2.32% lower on the day. With the last close up 6.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Charles Schwab has recorded a 50-day average of $31.15 and a two hundred day average of $29.03. Volume of trade was down over the average, with 3,076,808 shares of SCHW changing hands under the typical 7,477,820
BofA Merrill has upgraded Charles Schwab (NYSE:SCHW) from Neutral to Buy in a statement released on 10/13/2016.
On 9/26/2016, Zacks Investment Research released a statement on Charles Schwab (NYSE:SCHW) upped the target price from $0.00 to $34.00 that suggested an upside of 0.11%.
Recent Performance Chart
Charles Schwab has P/E ratio of 26.72 with a 52 week low of $21.51 and a 52 week high of $34.52 and has a market cap of $0.
Also covering Charles Schwab's stock price target, a total of 16 brokerages have reported on the stock. The consensus target price is $31.41 with 2 brokers rating the stock a strong buy, ten equity analysts rating the stock a buy, 7 firms rating the company a hold, one analyst rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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