Charles Schwab's stock drops 2% after May data release, but fundamentals remain strong

From Yahoo Finance: 2025-06-29 12:53:00

The Charles Schwab Corporation (NYSE:SCHW) is ranked among the best fundamental stocks to buy by hedge funds. Truist Securities maintained a Buy rating and raised the price target to $100 on June 16 after a slowdown in performance in May. Despite lower trading volumes and new assets, fundamentals remained strong with stock dropping 2% following data release.

Charles Schwab stock dropped 2% after May data release, showing a slowdown in trading volumes and new assets. Despite this, company fundamentals remained strong. Daily average trades exceeded 7 million, and net new asset growth was around 5%.

The Charles Schwab Corporation (NYSE:SCHW) provides financial services including commercial banking, asset management, and wealth management solutions in the US and internationally. The stock dropped 2% following a slowdown in performance in May, despite maintaining strong fundamentals.

Truist maintained a Buy rating on The Charles Schwab Corporation (NYSE:SCHW) and raised the price target to $100 following a slowdown in performance in May. Despite this, stock dropped 2% after the data release, showing some deceleration in trading volumes and new assets.

Read more: Truist Raises Charles Schwab Price Target Amid May Performance Slowdown