Morgan Stanley Initiates Coverage on Charles Schwab Corp to Overweight

Morgan Stanley Initiates Coverage on Charles Schwab Corp(NYSE:SCHW). The shares have been rated Overweight. The rating by Morgan Stanley was issued on Sep 26, 2016.

In a different note, On Sep 9, 2016, Deutsche Bank said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 9, 2016, Barclays said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 25, 2016, Citigroup said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Raises the price-target to $28.50 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Nomura said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Jefferies said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Overweight’ by the firm.

Charles Schwab Corp (SCHW) made into the market gainers list on Thursdays trading session with the shares advancing 0.35% or 0.11 points. Due to strong positive momentum, the stock ended at $31.24, which is also near the day’s high of $31.63. The stock began the session at $31.4 and the volume stood at 69,49,755 shares. The 52-week high of the shares is $34.52 and the 52 week low is $21.51. The company has a current market capitalization of $41,331 M and it has 1,32,30,03,960 shares in outstanding.

Charles Schwab Corp(SCHW) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.83B. Analysts had an estimated revenue of $1.80B. Earnings per share were $0.30. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Nigel J Murtagh (EVP – Corporate Risk) sold 2,500 shares at $29.72 per share price.Also, On Jul 25, 2016, Terri R Kallsen (EVP – Investor Services) sold 6,894 shares at $28.01 per share price.On May 31, 2016, John K Jr Adams (director) purchased 4,900 shares at $30.61 per share price, according to the Form-4 filing with the securities and exchange commission.

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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