- Schwab reported core net new assets totaling $24.6 billion for October.
- The company observed bank deposits amounting to $83.26 trillion.
- Net new client assets for the period reached $22.7 billion.
- Schwab’s total client assets are valued at $9.85 trillion.
- A total of 331,000 new brokerage accounts were opened during the period.
- Current analyst recommendations include 15 “buys,” 9 “holds,” and 2 “sells.”
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| 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
Based on the Smartkarma Smart Scores, Charles Schwab is positioned with a solid outlook for the long term. With balanced scores across key factors including Value, Dividend, Growth, Resilience, and Momentum, Schwab is set to maintain a steady performance in the financial services sector. The company’s emphasis on providing a variety of financial services to individual investors, independent investment managers, and institutions positions it well for sustained growth and value creation.
Charles Schwab Corporation, with its diversified offerings in securities brokerage, banking, and related financial services, appears well-placed to cater to a wide range of clients in the domestic and international markets. Its consistent scores in essential areas such as Resilience indicate the company’s ability to weather economic uncertainties and market fluctuations. Schwab’s balanced scores across various parameters highlight its overall stability and potential for long-term success in the financial industry.
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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