Citigroup upgraded Charles Schwab (NYSE:SCHW) from Neutral to Buy in a report released today.
- Updated: November 27, 2016
Citigroup has upgraded Charles Schwab (NYSE:SCHW) from Neutral to Buy in a report released on 11/22/2016.
Yesterday Charles Schwab (NYSE:SCHW) traded -0.31% lower at $38.10. The company’s 50-day moving average is $33.68 and its 200-day moving average is $30.28. 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. 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 has a 52 week low of $21.51 and a 52 week high of $39.22 with a P/E ratio of 31.44 The company’s market cap is currently $0.
In addition to Citigroup 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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