Brokerage Firm Rating Update on The Charles Schwab Corporation (SCHW)

The Charles Schwab Corporation (SCHW) : The consensus on The Charles Schwab Corporation (SCHW) based on 13 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

The Charles Schwab Corporation (SCHW) : The most positive equity analysts on The Charles Schwab Corporation (SCHW) expects the shares to touch $34, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $31 with an expected fluctuation of $2.11 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Barclays maintains its ratings on The Charles Schwab Corporation (NYSE:SCHW). In the latest research report, Barclays raises the target price from $29 per share to $34 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 9, 2016.

The Charles Schwab Corporation (NYSE:SCHW): The stock opened at $30.52 and touched an intraday high of $30.86 on Wednesday. During the day, the stock corrected to an intraday low of $30.46, however, the bulls stepped in and pushed the price higher to close in the green at $30.77 with a gain of 0.13% for the day. The total traded volume for the day was 6,639,554. The stock had closed at $30.73 in the previous trading session.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company 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 to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. 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 (ETFs), advice solutions, banking and trust.

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