Charles Schwab: Buy, Sell, or Hold?
Charles Schwab (NYSE: SCHW) has faced pressure over the past year as multidecade-high interest rates weigh on the financial services company. The high interest rates have customers moving funds from their accounts, creating a cash-sorting issue for Schwab and leading to a dramatic decline in deposits over several quarters.
The financial services company has alleviated fears around its deposit flows. Still, the stock continues to trade at a discount to its relative history, and it looks like an intriguing value investment opportunity. Here's what investors need to consider before hitting that buy button.
Charles Schwab provides a wide range of financial services, including asset management, wealth management, brokerage, banking, and financial planning, focusing on a low-cost, customer-centric approach. The company has historically been a stellar stock for investors thanks to its prudent approach to credit exposure and efficient operations that drive solid profit margins.
Source Fool.com
