Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Charles Schwab Corp (BVMF:SCHW34)’s stock reached a new 52-week high, hitting 93.36 USD. This milestone reflects a significant recovery and growth trajectory over the past year, with the stock experiencing a remarkable 49.41% increase in value. With a market capitalization of $169.25 billion and a perfect Piotroski Score of 9 according to InvestingPro, the company has demonstrated exceptional financial strength. The financial services giant has been benefiting from favorable market conditions and strategic initiatives that have bolstered investor confidence. The company’s 24.11% year-to-date return and 37-year track record of consistent dividend payments underscore its stability. This upward trend highlights the company’s robust performance and its ability to navigate economic challenges effectively, positioning it well within the competitive financial services sector. Based on InvestingPro’s Fair Value analysis, the stock appears fairly valued, with 12 additional ProTips available for subscribers.
In other recent news, Charles Schwab Corporation announced a record $35 billion in core net new assets for May 2025, marking a 13% increase from the previous year and setting a new monthly record. The company reported total client assets of $10.35 trillion at the end of May, a 12% rise from May 2024. In addition, Schwab opened 336,000 new brokerage accounts during the month, a 7% increase year-over-year. Meanwhile, Charles Schwab (NYSE:SCHW) maintained a strong capital position after the Federal Reserve’s 2025 stress test, with its stress capital buffer remaining at the 2.5% minimum floor. The company’s Common Equity Tier 1 ratio was reported at 32%, significantly above the regulatory minimum.
On the analyst front, Raymond (NSE:RYMD) James raised its price target for Charles Schwab to $99, maintaining an Outperform rating, citing potential significant earnings per share growth in 2025 and 2026. Truist Securities also increased its price target to $100, reflecting solid fundamentals despite some moderation in May’s performance data. Additionally, Redburn-Atlantic upgraded Charles Schwab from Sell to Neutral, raising the price target to $82, while expressing a positive outlook for the company’s position in the U.S. retail wealth management market. However, Redburn-Atlantic analysts expressed caution about the sustainability of Schwab’s cash sorting recovery.
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