Professional
Added to YB: 2024-05-22
Pitch date: 2024-03-31
SCHW [bullish]
The Charles Schwab Corporation
+33.3%
current return
Author Info
No bio for this author
Company Info
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally.
Market Cap
$169.5B
Pitch Price
$70.42
Price Target
N/A
Dividend
1.34%
EV/EBITDA
N/A
P/E
20.51
EV/Sales
N/A
Sector
Capital Markets
Category
growth
FMI Funds Portfolio Holding: The Charles Schwab Corporation
SCHW: Discount broker gaining share on top of 10% LT rev growth. Banking crisis fears never materialized. Rising rates caused short-term earnings headwind as clients moved to higher yields. 2024 outlook: strong EPS growth from revenue acceleration & expense discipline. 21x trough, 14x normalized P/E.
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