- Schwab’s core net new assets in July reached $46.9 billion, reflecting a 10% increase month-over-month.
- The net new client assets increased to $45.7 billion, marking a 17% growth compared to the previous month.
- Total client assets for the company were reported at $10.96 trillion, showing a 1.9% month-over-month rise.
- The company added 377,000 new brokerage accounts, which is a 17% increase from the previous month.
- Analyst recommendations include 18 buys, 3 holds, and 2 sells.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Charles Schwab shows a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company is positioned well for future success. The Growth and Resilience scores of 4 indicate a solid potential for expansion and the ability to withstand challenges. Additionally, the Momentum score of 5 suggests that the company is currently experiencing positive market trends that could continue in the long term. Although the Value and Dividend scores are slightly lower, the overall outlook remains optimistic for Schwab.
The Charles Schwab Corporation, a provider of financial services to various client types, operates primarily in the United States, Puerto Rico, and the United Kingdom. Through securities brokerage, banking, and related financial services, Schwab caters to individual investors, independent investment managers, retirement plans, and institutions. The company’s strong Smartkarma Smart Scores in Growth, Resilience, and Momentum point towards a promising future outlook despite lower scores in Value and Dividend metrics.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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