Charles Schwab’s Assets Up 5% in October

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Charles Schwab ($NYSE:SCHW) is an American financial services company with headquarters in San Francisco, California. The company offers a wide range of investment products and services for individuals and businesses, including brokerage and banking services, retirement planning, and financial planning. In October, Charles Schwab’s total client assets were $7.0T, a 5% increase from September.

However, this number is 12% lower than it was a year ago. The uptick in October can be attributed to the easing of stock market volatility; the S& P 500 gained 6.9% that month. Despite the market volatility, Charles Schwab has continued to grow its business. In the past year, the company has acquired TD Ameritrade, a leading online broker, and Charles Schwab Bank. These acquisitions have helped Charles Schwab become one of the largest financial services companies in the world. Looking forward, Charles Schwab is well-positioned to continue its growth. The company’s strong client base and diversified product offerings will help it weather any future market turbulence.

Share Price

Charles Schwab‘s assets under management (AUM) increased by 5% in October, according to data released by the company. The media coverage of Schwab has been mostly positive in recent months, with many analysts praising the company’s focus on customer service and its strong financial position. On Monday, CHARLES SCHWAB stock opened at $77.1 and closed at $76.5, down by 2.4% from last closing price of 78.4.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on CHARLES SCHWAB are made simple by VI app. Based on VI Star Chart CHARLES SCHWAB is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. What type of investors may interested in such company.

CHARLES SCHWAB has a high health score of 7/10 considering its cashflows and debt, is capable to sustain future operations in times of crisis. CHARLES SCHWAB is strong in dividend, growth, and weak in asset, profitability.

VI 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 is a publicly traded company that provides financial services, including brokerage and banking services, to individuals and businesses. Charles Schwab offers a variety of investment products and services, including stocks, bonds, mutual funds, and ETFs. The company also offers retirement and estate planning services.

In addition, Charles Schwab provides banking services, including checking and savings accounts, CDs, and loans. Investors may want to consider Charles Schwab as a long-term investment. The company has a history of strong financial performance and is well-positioned to continue growing in the future.