Charles SchwabNYSE: SCHW

Schwab (SCHW) posts a substantial rise in core net new assets balance in May 2024. The company also reiterates Q2 revenue guidance.

WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report for the month of May 2024.

Charles Schwab stock (NYSE: SCHW) has gained 8% YTD as compared to the 12% rise in the S&P500 index over the same period. In sharp contrast, Charles Schwab's peer Goldman Sachs (NYSE: GS) is up 20% since the beginning of 2024.

WESTLAKE, Texas--(BUSINESS WIRE)--CS Challenge 2024 Winner.

UBS analyst Brennan Hawken on Thursday raised his price target for Charles Schwab Corp. on the financial service firm's growth prospects and untapped cost savings from its acquisition of TD Ameritrade.

Schwab (SCHW) provides disappointing Q2 adjusted earnings and NIM guidance. This turns investors bearish on the stock, which dips 4.6%.

WESTLAKE, Texas--(BUSINESS WIRE)--Sentiment among traders dipped in the second quarter of 2024 but remained higher than 2022 and 2023 levels according to the latest Charles Schwab Trader Sentiment Survey, a quarterly study that explores the outlooks, expectations, and perspectives of traders at Charles Schwab. Of those polled, 46% reported a bullish outlook on the U.S. stock market, down from 53% in the first quarter. Bearish sentiment varied by age, but compared to last quarter, increased sign.

Schwab's core net new assets for April 2024 decrease by 98% compared to the previous month, but increase by 143% compared to the same month last year.

Charles Schwab Corp. recently moved the final group of TD Ameritrade customers, consisting of 1.8 million clients and approximately $350 billion in assets, to its platform. A number of customers have expressed their dissatisfaction with this transition.