Charles Schwab Corp (SCHW): Today's Featured Financial Services Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.7%. By the end of trading, Charles Schwab rose $0.51 (2.4%) to $21.46 on average volume. Throughout the day, 9,320,208 shares of Charles Schwab exchanged hands as compared to its average daily volume of 10,792,600 shares. The stock ranged in a price between $20.87-$21.48 after having opened the day at $20.90 as compared to the previous trading day's close of $20.95. Other companies within the Financial Services industry that increased today were:
(
), up 10.2%,
(
), up 7.0%,
(
), up 6.4% and
(
), up 6.4%.
The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services to individuals and institutional clients. The company operates through two segments, Investor Services and Institutional Services. Charles Schwab has a market cap of $26.9 billion and is part of the financial sector. Shares are up 45.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Charles Schwab a buy, 4 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Charles Schwab
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Charles Schwab Ratings Report.
On the negative front,
Millennium India Acquisition Corporation
(
), down 34.6%,
(
), down 5.9%,
(
), down 3.6% and
(
), down 2.9%.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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