Morgan Stanley analyst Michael Cyprys maintained a Buy rating on Charles Schwab (SCHW – Research Report) today and set a price target of $99.00. The company’s shares opened today at $74.33.
According to TipRanks, Cyprys is a 4-star analyst with an average return of 5.6% and a 55.48% success rate. Cyprys covers the Financial sector, focusing on stocks such as Blackstone Group, T Rowe Price, and Nasdaq.
In addition to Morgan Stanley, Charles Schwab also received a Buy from Deutsche Bank’s Brian Bedell in a report issued today. However, on the same day, Barclays maintained a Hold rating on Charles Schwab (NYSE: SCHW).
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Based on Charles Schwab’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.5 billion and a net profit of $1.97 billion. In comparison, last year the company earned a revenue of $4.71 billion and had a net profit of $1.58 billion
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCHW in relation to earlier this year. Earlier this month, Craig Jonathan M., the Officer title: Managing Director, Head of Investor of SCHW bought 51,144.00 shares for a total of $1,543,014.48.
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Founded in 1986, The Charles Schwab Corp. is a savings and loan holding company, which provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It primarily operates through two segments, Investor Services and Advisor Services. The company is based in San Francisco, California.
Read More on SCHW:
- Charles Schwab raises quarterly dividend by 14% to 25c per share
- Charles Schwab (NYSE:SCHW) Stock Falls as Bank of America Turns Bearish
- Toronto-Dominion comments on expected impact of Charles Schwab’s Q4 earnings
- Charles Schwab double downgraded to Underperform at BofA
- Charles Schwab downgraded to Underperform from Buy at BofA