Charles Schwab Bonds Rated ‘Overweight’ by Bank of America

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Charles Schwab ($NYSE:SCHW), a leading provider of financial services, has recently had its bonds rated “Overweight” by Bank of America in its latest coverage. Schwab operates in three main segments: Investor Services, which provides retail brokerage and banking services; Institutional Services, which provides custody, trading, and operations services for independent registered investment advisors and other institutional investors; and Corporate & Other, which includes Schwab stock plan services offered to corporate employers. Investors may now be more likely to invest in Charles Schwab bonds as they can be assured of the company’s stability.

Market Price

This led to the stock opening at $69.3 and closing at $69.7, a 0.6% increase from its previous closing price of $69.3. The note indicated that Bank of America believes Charles Schwab is positioned to benefit from further growth and success in the investment and banking services arena, in addition to its existing strength in portfolio management and trading. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Charles Schwab. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Charles Schwab. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Charles Schwab. More…

Key Ratios Snapshot

Some of the financial key ratios for Charles Schwab are shown below. More…

Analysis

We at GoodWhale recently conducted an analysis of CHARLES SCHWAB‘s financials. Our Star Chart indicated that CHARLES SCHWAB is strong in dividend and growth but weak in asset and profitability. Based on this, we classified CHARLES SCHWAB as a ‘rhino’, meaning a company that has achieved moderate revenue or earnings growth. Investors who may be interested in such a company are those who are looking for consistent cash flows. Moreover, CHARLES SCHWAB has a high health score of 7/10 with regard to its cashflows and debt, which suggests it is capable to safely ride out any crisis without the risk of bankruptcy. More…

Peers

Charles Schwab Corp is an American financial services company with headquarters in San Francisco, California. The company was founded in 1971 by Charles Schwab and offers a wide variety of financial services including banking, investments, and retirement planning. Morgan Stanley, CITIC Securities Co Ltd, and Samsung Securities Co Ltd are all competitors of Charles Schwab in the financial services industry.

– Morgan Stanley ($NYSE:MS)

As of 2022, Morgan Stanley’s market cap is 137.06B with a ROE of 9.95%. Morgan Stanley is a leading global financial services firm that provides a full range of investment banking, securities, investment management and wealth management services. The company has offices in more than 42 countries and employs over 60,000 people.

– CITIC Securities Co Ltd ($SHSE:600030)

CITIC Securities Co Ltd has a market cap of 244.81B as of 2022. The company’s return on equity is 7.96%. CITIC Securities Co Ltd is a leading investment bank in China with a focus on providing comprehensive financial services to clients in the areas of securities, investment banking, and asset management.

– Samsung Securities Co Ltd ($KOSE:016360)

Samsung Securities Co Ltd is a South Korean investment bank and brokerage firm. It is a subsidiary of the Samsung Group. The company has a market capitalization of 2.84 trillion as of 2022 and a return on equity of 10.07%. The company provides a range of financial services, including investment banking, equity research, asset management, and more.

Summary

Charles Schwab has recently been given an “Overweight” rating by Bank of America in their latest coverage on the company. This rating reflects a positive outlook on the investment potential of Charles Schwab. It is suggested that investors focus on Charles Schwab’s wide array of products and services when considering their investment portfolio. The company has a strong presence in the ETF and mutual fund markets, as well as providing access to stocks, options, margin, futures, and bonds.

Charles Schwab also provides specialized advice and analysis to help investors understand market trends and make well-informed decisions. With its robust online platform, investors can easily track investments and access up-to-date market news. Charles Schwab also offers competitive fees, making it an attractive option for investors seeking a comprehensive suite of services.