Charles Schwab (SCHW) Gets a Buy Rating from Deutsche Bank

Deutsche Bank analyst Brian Bedell maintained a Buy rating on Charles Schwab (SCHWResearch Report) today and set a price target of $53. The company’s shares opened today at $45.20.

According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.2% and a 51.0% success rate. Bedell covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Affiliated Managers, and Franklin Resources.

Currently, the analyst consensus on Charles Schwab is a Moderate Buy with an average price target of $51.07.

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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 $2.96 billion and net profit of $935 million. In comparison, last year the company earned revenue of $2.36 billion and had a net profit of $597 million.

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCHW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments.

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