A new analyst hold recommendation did nothing to make the company more attractive.Beware of faint praise from an equity analyst: It can often trigger a sell-off in a stock. That's what happened Thursday with Charles Schwab (SCHW -2.63%) when investors disseminated news of a prominent bank initiating coverage of the brokerage with a rather "blah" recommendation. Schwab lost nearly 3% of its value across that trading session, comparing unfavorably to the 0.8% rise of the S&P 500 index on the day.Wells weighs ...

JHVEPhotoAn Ambitious Firm From the Start and Still Staying Afloat It's still early September, and as we head into a new trading week one, the stock that came across my watchlist is actually a firm I worked at several years ago as an IT contractor, and happens to be one of the largest financial firms in the US. The Charles Schwab Corp. (NYSE:SCHW), according to its SA profile, is a Texas-based firm that "provides wealth management, securities brokerage, banking, asset management, custody, and financial ...

The cliché "Short-term pain for long-term gain" rings true in the stock market, notably during earnings season. Companies that miss forecasts or cut guidance find their stocks punished as investors jump ship for greener pastures. However, there is a distinction between guidance cuts based on softening demand and deliberately taking proactive measures to ensure long-term strength at the cost of short-term weakness to the bottom line.The latter is the case with retail financial sector giant Charles Schwab Inc ...

Key TakeawaysThe majority of active traders think now is a good time to invest (59%) and that they're financially better off than they were a year ago (60%), according to a quarterly Schwab client survey.The trading clients showed increased bullishness about artificial intelligence (AI) stocks (62%) and the information technology sector (61%).The political landscape, a possible market correction, and inflation were primary concerns for traders. People who trade actively are increasingly optimistic about the ...

Could now finally be the time to buy the struggling financial services stock?Charles Schwab (SCHW 0.19%) has been under pressure over the past couple of years as multidecade high interest rates have weighed on the business. The financial services company, which has relied heavily on low-cost deposits to fund its business, has struggled with declining bank deposits and has been forced to rethink its business model.During its second-quarter earnings call, CEO Walt Bettinger said that the bank would reduce the ...

A major shareholder didn't exactly signal confidence in the company with its latest move.Charles Schwab (SCHW -0.47%) saw a dip in its share price on Thursday due to events outside the company's control. That's because the top news item for the brokerage was that a major shareholder unloaded some of its Schwab holdings at a discount.Schwab's stock price sagged in sympathy. By the end of the trading session, the company's shares had lost 0.5% of their value. That compared favorably, but only just, with the S ...

Yelena Rodriguez Mena Note: All amounts are in Canadian Dollars unless specified otherwise. In our last coverage of The Toronto-Dominion Bank (NYSE:TD, TSX:TD:CA), aka TD Bank, we gave the financial behemoth one thumb up. The valuation was compelling and the risks felt fully discounted. Based on that chart and the sentiment, it just feels that it is not a bad time to at least get some exposure here, and TD offers a good start point. We are moving this to a "Buy" and think the Green Machine offers a rela ...

Charles Schwab (SCHW) reported its monthly activity report for July 2024. The company’s core net new assets of $29 billion surged substantially from $13.7 billion recorded in the prior-year month but was unchanged from the previous month.SCHW’s total client assets in July 2024 were $9.57 trillion, up 2% from the June 2024 level and 16% from July 2023. Client assets receiving ongoing advisory services were $4.83 trillion, rising 2% from the prior month and 16% year over year.Schwab’s average interest-earning ...

A month has gone by since the last earnings report for The Charles Schwab Corporation (SCHW) . Shares have added about 2.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Charles Schwab due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Schwab's Q2 Earnings & Revenu ...

Key TakeawaysCharles Schwab shares moved sharply higher Wednesday after the firm reported strong customer and asset growth in July.Monthly achievements included $29 billion in core net new assets and 327,000 new brokerage accounts.Schwab also launched its first actively managed fixed-income ETF, which began trading Tuesday. Charles Schwab (SCHW) shares surged on Wednesday after the provider of brokerage, banking, and other financial services reported healthy gains in client assets and new brokerage accounts ...