Charles Schwab (NYSE: SCHW) has had a challenging year. The financial services company saw a sizable fall in deposits during the past year, leading to a downgrade by analysts early in the year. Then the failure of several regional banks had a ripple effect across the sector, leading to a sell-first, ask-questions-later effect for most financial stocks.
For years, Charles Schwab has displayed stellar management and excellent profit margins and has sold at a premium to competitors. Following a solid quarterly earnings report that quelled investor concerns, the stock is now up about 49% from its low point in May. Here's what you should know about the company and whether it's a solid buy today, even after its big run-up.
Charles Schwab provides asset management, wealth management, brokerage, banking, and other financial advisory services. One area where it struggled explicitly over the past year is declining customer deposits.
Source Fool.com