Company Overview - The Charles Schwab Corporation is a savings and loan holding company providing wealth management, securities brokerage, banking, asset management, custody, and financial advisory services, with nearly 400 branches across 48 states and locations in Puerto Rico, the UK, Hong Kong, and Singapore [11]. Investment Ratings - SCHW is currently rated 3 (Hold) on the Zacks Rank, indicating a neutral outlook [12]. - The company has a VGM Score of A, suggesting strong overall performance based on value, growth, and momentum characteristics [12]. Momentum and Earnings Estimates - SCHW has a Momentum Style Score of A, with shares increasing by 9.2% over the past four weeks [12]. - Seven analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.06 to $4.82 per share [12]. - The company has an average earnings surprise of +6.6%, indicating a positive trend in earnings performance [12]. Investment Consideration - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SCHW is recommended for investors' short lists [13].

The Bank of New York Mellon Corporation (NYSE:BK) is one of the one of the stocks Jim Cramer was bullish on due to share buyback activity. Cramer said, “we think the world of” the company’s CEO, as he commented: “Fourth is a bank that I’ve come to like very much over the past couple years, and that’s BNY, the old Bank of New York Mellon. BNY shrunk its share count by 36.2% since the end of 2015, even if the stock wasn’t a real outperformer until more recently. Under CEO Robin Vince, we think the world of ...

Core Insights - The Charles Schwab Corporation (SCHW) is a significant player in the U.S. financial services sector, with a market capitalization of $171.7 billion, offering a wide range of services including wealth management, securities brokerage, and financial advisory [1] Earnings Expectations - Analysts anticipate that SCHW will report a fiscal fourth-quarter earnings per share (EPS) of $1.32, reflecting a 30.7% increase from $1.01 in the same quarter last year [2] - For the current fiscal year, EPS is projected to be $4.81, a 48% increase from $3.25 in fiscal 2024, with further growth expected to $5.59 in fiscal 2026, representing a 16.2% year-over-year rise [3] Stock Performance - SCHW stock has increased by 31.5% over the past year, outperforming the S&P 500 Index's gain of 15.4% and the Financial Select Sector SPDR Fund's increase of 14.5% during the same period [4] Recent Financial Results - In Q3, SCHW reported a strong performance, with client assets rising 17% year-over-year to $11.6 trillion and core net new assets reaching $137.5 billion for the quarter, contributing to a year-to-date asset gathering of $355.5 billion, a 41% increase from the previous year [5] - Net revenues for the quarter rose 26.6% year-over-year to $6.1 billion, exceeding consensus estimates by 3%, while adjusted EPS surged 70.1% to $1.31, surpassing expectations by 5.7% [6] Analyst Ratings - The consensus opinion on SCHW stock is bullish, with a "Moderate Buy" rating overall. Among 23 analysts, 14 recommend a "Strong Buy," three suggest a "Moderate Buy," four give a "Hold," one recommends a "Moderate Sell," and one advocates a "Strong Sell." The average analyst price target is $112.65, indicating a potential upside of 15.9% from current levels [7]

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Core Insights - NewEdge Capital Group has appointed James Jesse as the new CEO to enhance its operations and growth strategy [1][4] - The firm has achieved its strongest recruiting year, increasing assets under management to over $80 billion [2][3] - Jesse brings extensive experience from Iconiq Capital and Morgan Stanley, where he held significant leadership roles [3][5] Company Overview - NewEdge Capital is a wealth management division of Edgeco Holdings, focusing on independent advisory services and high-net-worth clients [2][5] - The firm operates two main platforms: New Edge Advisors, which is expanding its W-2 employee model, and New Edge Wealth, targeting upper-high-net-worth and institutional clients [2] Leadership and Strategy - James Jesse's appointment is aimed at scaling NewEdge's operations while maintaining a client-centric approach [4][5] - Co-founder Chuck Warden emphasized the importance of independence in their business model, which Jesse is expected to help execute [5] Additional Information - EdgeCo Holdings also owns AmericanTCS, which provides various financial services including custody and retirement solutions [6]

Core Thesis - The Charles Schwab Corporation is experiencing strong operational momentum, with a bullish outlook supported by robust financial results and strategic initiatives [1][7]. Financial Performance - Total net revenue reached a record $6.1 billion, reflecting a 5% sequential increase and a 27% year-over-year growth, primarily driven by an 8% quarter-over-quarter rise in net interest income [3]. - Adjusted EPS was reported at $1.31, up 15% quarter-over-quarter and 70% year-over-year, exceeding consensus estimates by 5% [3]. - The company achieved a pre-tax margin of 51.3%, with adjusted operating expenses rising only 2% quarter-over-quarter [3]. Operating Trends - Net Interest Margin (NIM) expanded by 21 basis points to 2.86%, and client assets reached a record $11.6 trillion [4]. - Asset management balances grew by 9% quarter-over-quarter, with net new assets of $138 billion indicating strong organic growth [4]. - Despite a slight softening in trading activity quarter-over-quarter, it remained significantly higher year-over-year, with continued attraction of younger households [4]. Strategic Initiatives - Schwab expects full-year EPS to finish approximately 2% above its prior outlook, implying around $4.75 [5]. - The company executed $2.7 billion in buybacks during the quarter, maintaining strong capital return and leverage ratios above targets [5]. - Plans to launch spot crypto trading in the first half of 2026 and ongoing investment in branch expansion are expected to support strategic positioning [5].

Core Insights - Charles Schwab Corporation operates as a financial holding company with a market cap of $161.2 billion, providing a range of financial services [1] - The company holds trillions in client assets, employs over 32,000 people, and serves over 36 million active brokerage accounts, aiming to disrupt traditional Wall Street practices [2] Stock Performance - SCHW reached an all-time high of $99.59 on July 29 and is currently trading 7.8% below that peak, having dropped 5.6% over the past three months, while the Dow Jones Industrial Average increased by 4.4% during the same period [3] - Over the longer term, SCHW stock has increased by 24% year-to-date and 11.6% over the past year, slightly outperforming the Dow's 11.5% gains in 2025 and 5.7% returns over the past 52 weeks [4] Financial Results - In Q3, Charles Schwab reported a 17% increase in client assets year-over-year, reaching $11.6 trillion, and generated $137.5 billion in core net new assets, bringing year-to-date asset gathering to $355.5 billion, a 41% increase year-over-year [5] - The company's net revenues grew 26.6% year-over-year to $6.1 billion, exceeding expectations by 3%, while adjusted EPS surged 70.1% year-over-year to $1.31, surpassing consensus estimates by 5.7% [6]

Core Insights - The Charles Schwab Corporation (NYSE:SCHW) is highlighted as a strong long-term investment option, with a Buy rating and a price target of $115 set by Barclays analyst Benjamin Budish [1] - The company reported a significant increase in core net new assets, which rose 80% year-over-year to reach $44.4 billion, marking a record for October [1][2] - Total client assets also saw a 20% increase compared to the previous year, totaling $11.83 trillion [2] - New brokerage accounts opened in October increased by 30% year-over-year, reaching 429,000 [2] - Investor engagement accelerated, with average margin loan balances rising 7% from the previous month and daily average trades reaching 8.6 million [3] Company Overview - The Charles Schwab Corporation operates as a savings and loan holding company, providing services in securities brokerage, wealth management, custody, asset management, and financial advisory [3] - The company's operations are segmented into Advisor Services and Investor Services [3]

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Partnerships - VerifiedX 与 Crypto.com 合作，获得 15 亿美元的机构托管、流动性和 OTC 交易支持 [1] Financial Implications - 15 亿美元的合作规模，表明 VerifiedX 对机构客户的重视以及 Crypto.com 在机构服务领域的扩张 [1]