Charles Schwab: Booming Stock & Growing Revenue
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Charles Schwabs stock surged 21% over the past year, outpacing the S&P 500, driven by client cash parking, advice fees, and trading order sales. The companys growth accelerated from 2021 to now, with client accounts and assets doubling and revenue spiking 58% in 2021, then dipping and roaring back with 22% growth last year. The TD Ameritrade buyout fueled this boom, but integration costs hurt in 2022 and 2023. Analysts predict 8% annual revenue growth and 15% EPS growth through 2028, making the stock a potential bargain at 17x this years earnings, with a potential 40% climb to $130 if rates stay flat or drop. However, Middle East tensions or inflation could slow Schwab down.
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