Charles Schwab Corp (NYSE:SCHW) shares traded 1.02% higher at $73.00 on Wall Street last session.
SCHW stock price is now -5.40% away from the 50-day moving average and 2.08% away from the 200-day moving average. The market capitalization of the company currently stands at $133.63B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $74 to $95, Barclays Upgraded its rating from Equal Weight to Overweight for Charles Schwab Corp (NYSE: SCHW). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $70, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Schwab-Pomerantz Carolyn, Director sold 24,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $1,779,330 at an average price of $74.14. Upon completion of the transaction, the Director now directly owns 534,529 shares in the company, valued at $39.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Director Schwab-Pomerantz Carolyn bought 72,000 shares of the business’s stock. A total of $5,318,640 was incurred on buying the stock at an average price of $73.87. A total of 5.86% of the company’s stock is owned by insiders.
During the past 12 months, Charles Schwab Corp has had a low of $59.67 and a high of $83.35. According to the stock market information, the enterprise value for the company is $138654564352, which is based on a 28.53 price-to-earnings ratio, a 1.38 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for SCHW is $77.1666 and a two-hundred day moving average price translates $71.5105 for the stock.
The latest earnings results from Charles Schwab Corp (NYSE: SCHW) was released for 2024-09-30. The net profit margin was 18.28% and return on equity was 12.11% for SCHW. The company reported revenue of $4.85 billion for the quarter, compared to $4.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.23 percent.
