Charles Schwab Corp., a financial services provider, announced that it has appointed its President Rick Wurster as CEO to succeed Walt Bettinger. Under Bettinger's leadership since 2008, Schwab's client assets surged from $1.14 trillion to $9.74 trillion, partly due to the acquisition of TD Ameritrade in 2020.
Walt Bettinger has notified the brokerage's board of his intention to retire effective December 31. Rick Wurster, president of Schwab since 2021, will lead broker and is expected to take over as CEO after Bettinger steps down. The company aims for a smooth transition with its multi-year succession plan.
Charles Schwab Corp.'s stock has seen mixed analyst ratings following the announcement. Analyst Michael Budish from Barclays maintained a Hold rating on Charles Schwab, while Craig Siegenthaler from Bank of America Securities recommended a Sell. The company's current market cap is $115.2 billion.
Analysts have provided varying price targets for Charles Schwab Corp., with an average target of $74.78 and estimates ranging from high to low. Despite the mixed analyst ratings, September proved to be an unseasonably strong month for the market, with trading volume on full-range brokerage services provider's platforms increasing despite a decline in some stocks.
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SCHW News
8-Oct-2024 10:19 AM CST - Business Insider Charles Schwab (SCHW) Receives a Hold from Piper Sandler In a report released today, Patrick Moley from Piper Sandler maintained a Hold rating on Charles Schwab (SCHW - Research Report), with a
4-Oct-2024 2:01 PM CST - Benzinga A Glimpse Into The Expert Outlook On Charles Schwab Through 18 Analysts In the assessment of 12-month price targets, analysts unveil insights for Charles Schwab, presenting an average target of $74.78, a high estimate of $90.00, and a low estimate of $64.00. A 5.41% drop is evident in the current average compared to the previous average price target of $79.06.
2-Oct-2024 11:49 AM CST - Benzinga Charles Schwab (NYSE:SCHW) Stock, Short Interest Report Short interest in Charles Schwab Corp (NYSE:SCHW) increased during the last reporting ... are betting on the decline of Charles Schwab's stock. Short interest data is updated every two weeks.
2-Oct-2024 10:37 AM CST - Business Insider Charles Schwab (SCHW) Gets a Hold from Barclays In a report released today, Benjamin Budish from Barclays maintained a Hold rating on Charles Schwab (SCHW - Research Report), with a
2-Oct-2024 7:16 AM CST - Barchart Here's What to Expect from Charles Schwab's Next Earnings Report Westlake, Texas-based The Charles Schwab Corporation (SCHW) operates as a savings and loan holding company. With a market cap of $115.2 billion, Charles Schwab provides various services, including wealth management,
Latest SCHW Trades by Congress Members
3-SEP-2024 - Marjorie Taylor Mrs Greene, GA (District 14) purchased between $1,001 and $15,000.
Charles Schwab Corp., a financial services provider, announced that it has appointed its President Rick Wurster as CEO to succeed Walt Bettinger. Under Bettinger's leadership since 2008, Schwab's client assets surged from $1.14 trillion to $9.74 trillion, partly due to the acquisition of TD Ameritrade in 2020.
Walt Bettinger has notified the brokerage's board of his intention to retire effective December 31. Rick Wurster, president of Schwab since 2021, will lead broker and is expected to take over as CEO after Bettinger steps down. The company aims for a smooth transition with its multi-year succession plan.
Charles Schwab Corp.'s stock has seen mixed analyst ratings following the announcement. Analyst Michael Budish from Barclays maintained a Hold rating on Charles Schwab, while Craig Siegenthaler from Bank of America Securities recommended a Sell. The company's current market cap is $115.2 billion.
Analysts have provided varying price targets for Charles Schwab Corp., with an average target of $74.78 and estimates ranging from high to low. Despite the mixed analyst ratings, September proved to be an unseasonably strong month for the market, with trading volume on full-range brokerage services provider's platforms increasing despite a decline in some stocks.
* AI generated summary of articles
SCHW News
8-Oct-2024 10:19 AM CST - Business Insider Charles Schwab (SCHW) Receives a Hold from Piper Sandler In a report released today, Patrick Moley from Piper Sandler maintained a Hold rating on Charles Schwab (SCHW - Research Report), with a
4-Oct-2024 2:01 PM CST - Benzinga A Glimpse Into The Expert Outlook On Charles Schwab Through 18 Analysts In the assessment of 12-month price targets, analysts unveil insights for Charles Schwab, presenting an average target of $74.78, a high estimate of $90.00, and a low estimate of $64.00. A 5.41% drop is evident in the current average compared to the previous average price target of $79.06.
2-Oct-2024 11:49 AM CST - Benzinga Charles Schwab (NYSE:SCHW) Stock, Short Interest Report Short interest in Charles Schwab Corp (NYSE:SCHW) increased during the last reporting ... are betting on the decline of Charles Schwab's stock. Short interest data is updated every two weeks.
2-Oct-2024 10:37 AM CST - Business Insider Charles Schwab (SCHW) Gets a Hold from Barclays In a report released today, Benjamin Budish from Barclays maintained a Hold rating on Charles Schwab (SCHW - Research Report), with a
2-Oct-2024 7:16 AM CST - Barchart Here's What to Expect from Charles Schwab's Next Earnings Report Westlake, Texas-based The Charles Schwab Corporation (SCHW) operates as a savings and loan holding company. With a market cap of $115.2 billion, Charles Schwab provides various services, including wealth management,
