- Charles Schwab’s core net new assets for August 2024 were $32.8 billion.
- This is a 13% increase from the previous month, which saw $29.0 billion in new assets.
- Total client assets remain consistent at $9.57 trillion, unchanged from the previous month.
- The company anticipates a 2%-3% sequential increase in revenue for the third quarter of 2024.
- Analyst recommendations include 18 buys, 7 holds, and 2 sells for the company’s stock.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Charles Schwab’s long-term outlook using their Smart Scores, which provides a comprehensive view of the company’s performance across key factors. With a balanced score of 3 across Value, Dividend, Growth, Resilience, and Momentum, Schwab is positioned as a stable and reliable investment option. This signifies a consistent performance in terms of value, dividend payouts, growth potential, resilience to market fluctuations, and momentum in the market.
The Charles Schwab Corporation, a renowned provider of financial services to a wide range of clients, including individual investors, independent investment managers, retirement plans, and institutions, appears to be maintaining a steady course with its Smart Scores reflecting a moderate outlook. With a well-rounded rating across various metrics, Schwab seems to be on a path of steady growth and stability, making it a favorable choice for investors seeking a reliable option in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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