Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Charles Schwab stock (NYSE:SCHW) reached a 52-week high of 89.85 USD, marking a significant milestone for the $163 billion market cap financial services giant. According to InvestingPro, the company boasts a perfect Piotroski Score of 9, indicating exceptional financial strength. Over the past year, the company’s stock has experienced a notable increase, with a 1-year return of 23.84%. This upward trajectory reflects investor confidence and the company’s robust performance in the financial sector, supported by strong revenue growth of 10.86% and a 37-year track record of consistent dividend payments. The achievement of this 52-week high underscores Charles Schwab’s resilience and adaptability in a competitive market environment. As the company continues to innovate and expand its offerings, its stock performance remains a point of interest for investors and analysts alike. InvestingPro offers 8 additional key insights about SCHW’s valuation and growth prospects in its comprehensive Pro Research Report.
In other recent news, Charles Schwab Corporation reported a record $35 billion in core net new assets for May 2025, marking a 13% increase from May 2024. Total (EPA:TTEF) client assets reached $10.35 trillion, a 12% rise year-over-year, with trading activity remaining robust as daily average trades exceeded 7 million for the fifth consecutive month. Additionally, Schwab opened 336,000 new brokerage accounts in May, a 7% increase from the previous year. In terms of analyst activity, Truist Securities raised its price target for Charles Schwab to $100, maintaining a Buy rating, while TD Cowen’s Bill Katz increased the 12-month price target to $113, citing an anticipated growth phase. Redburn-Atlantic upgraded Schwab’s stock from Sell to Neutral, adjusting the price target to $82, reflecting a shift in their market assessment. Meanwhile, Charles Schwab filed a Certificate of Elimination for its Series G Preferred Stock with the Secretary of State of Delaware, effectively removing it from their certificate of incorporation. These developments highlight Schwab’s ongoing performance and strategic adjustments within the financial services sector.
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