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Charles Schwab (SCHW) Catches Eye: Stock Jumps 7.3%

Zacks Equity Research

The Charles Schwab Corporation SCHW was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $40.71 to $44.75 in the past one-month time frame.

The stock gained following reports that the company is in talks to acquire TD Ameritrade.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Charles Schwab currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

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The Charles Schwab Corporation Price

The Charles Schwab Corporation Price
The Charles Schwab Corporation Price

The Charles Schwab Corporation price | The Charles Schwab Corporation Quote

Investors interested in the Financial - Investment Bank industry may consider Piper Jaffray Companies PJC, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is SCHW going up? Or down? Predict to see what others think:Up or Down

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See Zacks' 3 Best Stocks to Play This Trend >>


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Piper Jaffray Companies (PJC) : Free Stock Analysis Report
 
The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
 
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Zacks Investment Research