Stock Performance and Technical Analysis - Shares of The Charles Schwab Corporation (SCHW) have lost 5.8% over the past four weeks [1] - A hammer chart pattern formed in the last trading session, indicating potential support and a trend reversal [1] - The hammer pattern suggests that selling pressure may be exhausted and bulls are gaining control [2][4] - The hammer pattern is characterized by a small candle body and a long lower wick, signaling potential trend reversal during a downtrend [3][4] - The hammer pattern should be used in conjunction with other bullish indicators for confirmation [5] Fundamental Analysis and Earnings Revisions - There has been an upward trend in earnings estimate revisions for SCHW, a bullish fundamental indicator [6] - The consensus EPS estimate for the current year has increased by 2.8% over the last 30 days [7] - SCHW currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks [8] - Stocks with a Zacks Rank 1 or 2 typically outperform the market, indicating strong potential for SCHW [8] - The Zacks Rank serves as a timing indicator, suggesting improving prospects for SCHW [8]

Core Viewpoint - The Charles Schwab Corporation (SCHW) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system focuses on the changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts for the current and following years [2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, making the Zacks rating system valuable for investors [3][5]. Impact of Institutional Investors - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [5]. - The upgrade for Charles Schwab reflects an improvement in its underlying business, which is expected to drive the stock price higher as investors respond positively [6]. Earnings Estimate Revisions - Charles Schwab is projected to earn $3.14 per share for the fiscal year ending December 2024, showing a year-over-year change of 0.3% [9]. - Over the past three months, the Zacks Consensus Estimate for Charles Schwab has increased by 3.4%, indicating a positive trend in earnings estimates [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [8]. - The upgrade to Zacks Rank 2 places Charles Schwab in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].

The market expects The Charles Schwab Corporation (SCHW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the othe ...

I am a Canadian business student with experience as an Investments Analyst at a mid-sized asset management firm and am focused on quality long-only articles and searching for high-value companies. I have an event-driven focus, evaluating how equities perform under macro events, considering their financials and corporate strategy above all else.Through university clubs, I would also like to disclose my association with Francesco Infusino.Analyst’s Disclosure: I/we have no stock, option or similar derivative ...

Charles Schwab (SCHW) raised its 2024 revenue guidance driven by upbeat equity markets following the U.S. presidential election and “increased investor engagement.” The company also posted a rise in total client assets for November.Nonetheless, SCHW shares lost 4% following the announcement of an increase in the revenue growth target for 2024 on broader market weakness.Schwab’s Favorable 2024 TrendsManagement expects total revenues to rise 3-3.5% year over year. The increase will be driven by “increased inv ...

Technical Analysis - The Charles Schwab Corporation (SCHW) has reached a key level of technical support, with its 50-day simple moving average crossing above its 200-day simple moving average, forming a "golden cross" [1] - A golden cross is a bullish technical chart pattern indicating a potential breakout, typically involving the 50-day and 200-day moving averages [1] - The golden cross event has three stages: price bottoming out, short-term moving average crossing above long-term moving average, and maintaining upward momentum [1] - Over the past four weeks, SCHW has gained 11.3% [1] Earnings Outlook - SCHW has a positive earnings outlook for the current quarter, with no earnings estimate revisions lower in the past two months and 9 revisions higher [2] - The Zacks Consensus Estimate for SCHW has increased, further solidifying the bullish case [2] Investment Potential - SCHW currently holds a 3 (Hold) on the Zacks Rank, indicating potential for a breakout [1] - The combination of positive earnings estimate revisions and hitting a key technical level suggests potential for further gains in the near future [2]

Shares of financial services name Charles Schwab Corporation (NYSE:SCHW) are 1.1% lower to trade at $80.46 at last glance, as they pull back from yesterday's highest peak since January 2023 at $81.39. There's been no shortage of speculation about what a second Trump term could mean for bank stocks. For traders looking for a quick profit, now could be the time to play SCHW.Digging deeper, Charles Schwab stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combinat ...

Charles Schwab (SCHW) released its monthly activity report for October 2024. The company’s core net new assets of $24.6 billion surged substantially from $11.3 billion recorded in the year-ago month but declined from the previous month’s $33.5 billion.SCHW’s October Performance BreakdownSCHW’s total client assets in October 2024 were $9.85 trillion, down marginally from the September 2024 level but up 28.7% from October 2023. Client assets receiving ongoing advisory services were $4.97 trillion, falling 1% ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9700 THE CHARLES SCHWAB CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Key TakeawaysCharles Schwab plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.Select Schwab clients will be able to trade all S&P 500 and Nasdaq-100 stocks, as well as hundreds of exchange-traded funds, at any time Monday through Friday.The capability will gradually be extended to all clients in 2025. Charles Schwab (SCHW) on Wednesday announced that it plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets. S ...