- Schwab’s core net new assets in January were $30.6 billion, including contributions from both new and existing clients.
- Net new client assets reached $30.5 billion during the same month.
- Total client assets managed by Schwab were $10.33 trillion by the end of January.
- The company opened 433,000 new brokerage accounts in January.
- Bank supplemental funding balances were reduced by $3.7 billion, ending the month at an outstanding $46.2 billion.
- Transactional sweep cash experienced a month-over-month decline of $19 billion, finishing January at $399.6 billion.
- This cash movement is attributed to typical seasonal patterns, as clients often reinvest their year-end cash reserves with the start of the new year.
- In January, Schwab’s analyst recommendations included 18 buys, 6 holds, and 3 sells.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
According to Smartkarma Smart Scores, Schwab (Charles) shows a promising outlook for the long term. With a resilience score of 5, the company demonstrates strong stability and the ability to weather market fluctuations. This resilience factor indicates that Schwab is well-positioned to navigate challenging economic conditions and emerge stronger. Additionally, the company scores moderately well in value, growth, and momentum, each with a score of 3. This suggests that Schwab offers a good balance of value and growth potential, supported by positive momentum in the market.
Despite a lower dividend score of 2, Schwab’s overall Smartkarma Smart Scores paint a favorable picture of the company’s long-term prospects. As The Charles Schwab Corporation provides a wide range of financial services to various clients, including individual investors and institutions, its diversified business model adds to its resilience. This, coupled with solid value, growth, and momentum scores, positions Schwab as a strong player in the financial services industry with the potential for sustained growth and value creation in the future.
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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