What Makes The Charles Schwab Corporation (SCHW) a Strong Momentum Stock: Buy Now?

Core Viewpoint - The Charles Schwab Corporation (SCHW) is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating potential for near-term gains [3][4][12]. Momentum Style Elements - SCHW shares have increased by 1.67% over the past week, while the Zacks Financial - Investment Bank industry has risen by 4.27% during the same period [6]. - Over a longer timeframe, SCHW's monthly price change is 5.13%, compared to the industry's 8.13% [6]. - In the past quarter, SCHW shares have risen by 22.18%, and over the last year, they have gained 22.29%, outperforming the S&P 500, which increased by 19.67% and 12.87% respectively [7]. Trading Volume - The average 20-day trading volume for SCHW is 7,443,516 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, 8 earnings estimates for SCHW have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.24 to $4.39 [10]. - For the next fiscal year, 9 estimates have also moved higher without any downward revisions [10].