The Charles Schwab Corporation (SCHW) provides wealth management, securities brokerage, banking, money management, custody, and financial advisory services.
The company operates through two segments, Investor Services and Advisor Services.
The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, as well as engages in the off-platform sales business.
The Advisor Services segment provides custodial, trading, and support services; and retirement and corporate brokerage retirement services.
The company provides brokerage accounts with cash management capabilities; third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which includes proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; exchange-traded funds (ETFs), including proprietary and third-party ETFs; and advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management.
It also offers banking products and services, including checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans, home equity loans and lines of credit, and Pledged Asset Lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services.
The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong.
Shares are in the process of breaking-out of a bullish "cup and handle" and higher share prices are expected for this stock.
52-Weeks Trading Range: $21.51 - $41.34
Entry Point: $41.00
Stop Loss: $38.90
Target Price: $45.10
SCHW closed at $42.00