Charles Schwab Stock Hits New 52-Week High (SCHW)

NEW YORK ( TheStreet) -- Charles Schwab (NYSE: SCHW) hit a new 52-week high Friday as it is currently trading at $21.96, above its previous 52-week high of $21.87 with 828,137 shares traded as of 9:56 a.m. ET. Average volume has been 10.5 million shares over the past 30 days.

Charles Schwab has a market cap of $27.26 billion and is part of the financial sector and financial services industry. Shares are up 49% year to date as of the close of trading on Wednesday.

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.

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TheStreet Ratings rates Charles Schwab as a buy. 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.

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