- Total client assets in May: $9.21 trillion, up 4% month-over-month (m/m).
- Core net new assets from new and existing clients: $31.1 billion in May, compared to $1 billion m/m.
- New brokerage accounts opened in May: 314,000.
- Second quarter (2Q) total revenue expected to decrease by 1%–2% relative to the previous quarter.
- Second quarter forecast is consistent with Investor Day commentary.
- Investment analyst ratings: 18 buys, 6 holds, and 2 sells.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts utilizing the Smartkarma Smart Scores anticipate a promising long-term outlook for Schwab (Charles). With a strong Momentum score of 4, the company is showing positive growth trends that could lead to future success. Additionally, its Value, Growth, and Resilience scores all stand at a respectable 3, indicating well-rounded performance across various key factors. Though the Dividend score is slightly lower at 2, the overall outlook remains positive for Schwab (Charles).
The Charles Schwab Corporation, known for providing a range of financial services to individuals, investment managers, retirement plans, and institutions, continues to expand its presence in the United States, Puerto Rico, and the United Kingdom. With a solid foundation across different markets, Schwab (Charles) is poised to leverage its strengths and capitalize on opportunities for sustainable growth in the long term.
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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