Charles Schwab Corp

SCHW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$21.00	Gdrm	Lrpprznwdh

After 2024, We Forecast Multiple Years of Strong Earnings Growth for Charles Schwab

Michael Wong

May 23, 2024

Business Strategy and Outlook

We assess that Charles Schwab is fine from a liquidity and capital standpoint, and that earnings should be on a tenable upward trajectory within the next year. While it is best known for its retail investor and registered investment advisor platforms, Charles Schwab is a savings and loan holding company that had around $300 billion of deposits at the end of 2023 and generates about half of its revenue from net interest income.

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