Charles Schwab (SCHW) News Today

Charles Schwab (SCHW) is trading lower today as investors weigh solid asset growth and bullish analyst ratings against persistent inflation concerns and Fed rate outlooks. Key developments:

• Positive Sentiment: SCHW's client assets rose to $11.23 trillion in August, up 15.3% year-over-year, driven by strong asset gathering, heightened client engagement, and market gains.SCHW's Client Assets Up 15.3% Y/Y
• Positive Sentiment: A Wall Street analyst at Morgan Stanley reiterated a Buy rating, citing robust asset growth and elevated client engagement trends.Charles Schwab’s Robust Asset Growth and Client Engagement Drive Buy Rating
• Positive Sentiment: William Blair maintained a Buy rating, highlighting strong sweep cash inflows and favorable market conditions.Buy Rating Affirmed Amid Strong Sweep Cash Growth
• Positive Sentiment: Analysts' average price target stands at $99.60, indicating upside potential from current levels.Receives $99.60 Average Price Target
• Neutral Sentiment: Monthly activity report showed steady metrics across client trading and cash management for August.Schwab Reports Monthly Activity Highlights
• Neutral Sentiment: ‘Charles Schwab for private markets’ platform, Arch, raised $52 million in a funding round to build out private markets tracking tools.Arch Raises $52 Million
• Neutral Sentiment: Chief strategist Liz Ann Sonders noted market behavior remains closely tied to prospects for easier monetary policy.Market Behavior Based on Prospects for Easier Monetary Policy
• Negative Sentiment: Ongoing inflation remains a focal point, potentially delaying Fed rate cuts and pressuring bond and equity markets, according to chief fixed income strategist Kathy Jones.Ongoing Inflation vs. Fed Rate Cuts