Charles Schwab Corporation (SCHW) is a large-cap financial holding company with a market cap of $161.2 billion. The company offers a variety of financial services to over 36 million active brokerage accounts. SCHW stock hit an all-time high of $99.59 on Jul. 29 but is currently trading 7.8% below that peak. Despite a recent drop of 5.6%, the stock has soared 24% YTD and gained 11.6% over the past year. Following a strong Q3 performance, SCHW reported a 17% surge in client assets and brought in $137.5 billion in core net new assets in Q3. Analysts have a “Moderate Buy” rating on SCHW with a mean price target of $112.30.
Read more at Barchart.: Is Charles Schwab Stock Outperforming the Dow?
