Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Charles Schwab Corp (BVMF:SCHW34)’s stock reached a notable milestone, hitting a 52-week high of 92.81 USD. This achievement marks a significant point for the $168.6 billion financial services company, which boasts a perfect Piotroski Score of 9 according to InvestingPro analysis, reflecting exceptional financial strength. The company has demonstrated a positive trend over the past year. The stock’s performance has been robust, with a year-to-date return of 25.56% and impressive revenue growth of 10.86%. This performance, combined with 37 consecutive years of dividend payments, indicates strong investor confidence and favorable market conditions. This upward trajectory underscores Charles Schwab (NYSE:SCHW)’s resilience and strategic positioning in the financial sector, as it continues to navigate the complexities of the market environment. InvestingPro analysis suggests the stock is currently fairly valued, with 10+ additional exclusive insights available to subscribers.
In other recent news, Charles Schwab Corporation reported record core net new assets of $35 billion for May 2025, marking a 13% increase compared to the previous year. The company’s total client assets reached $10.35 trillion, reflecting a 12% rise from May 2024. Additionally, Charles Schwab opened 336,000 new brokerage accounts during the month, a 7% increase from the same period last year. Raymond (NSE:RYMD) James has increased its price target for Charles Schwab to $99, maintaining an Outperform rating, citing improved trends in net new assets and account growth. Truist Securities also raised its price target to $100, noting solid fundamentals despite a slowdown in net new assets and trading volumes. Redburn-Atlantic upgraded the stock from Sell to Neutral, increasing the price target to $82, and highlighted easing pressure from cash sweep issues. Charles Schwab’s stress capital buffer will remain at the 2.5% minimum floor following the Federal Reserve’s 2025 stress test, with the company’s Common Equity Tier 1 ratio significantly exceeding regulatory requirements. The company continues to manage a substantial client base, including 37.4 million active brokerage accounts and 5.6 million workplace plan participant accounts.
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