Charles Schwab Stock Surges, Despite Recent Dip

Charles Schwab, a Texas-based financial giant with a market value of over $161 billion, recently hit an all-time high of $99.59. Despite a recent dip of 7.8% from this peak, the stock has shown strong performance, climbing 24% this year and 11.6% over the past year. The company reported better-than-expected third-quarter results, with a 17% increase in client assets and a 26.6% growth in net revenues. Analysts maintain a Moderate Buy rating, suggesting a potential 22.3% upside from current levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.