How to Buy Schwab Charles Stock
Schwab Charles Corp
Schwab Charles is a capital market company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker SCHW on the NYSE exchange.
Schwab Charles stock last closed at $74.89, down 0.4% from the previous day, and has increased 46.76% in one year. It has overperformed other stocks in the Capital Markets industry by 0.28 percentage points. Schwab Charles stock is currently +64.05% from its 52-week low of $45.65, and -0.87% from its 52-week high of $75.55.
As of Apr 25, 2024, there are 1.82B SCHW shares outstanding. The market capitalization of SCHW is $136.63B. In the past 24 hours, 6.37M SCHW shares were traded.
How to Buy Schwab Charles Stock
Not sure how to invest in Schwab Charles stock? Here's how.
- Figure out where to buy Schwab Charles stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Schwab Charles stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Research Schwab Charles stock: The Schwab Charles ticker symbol is SCHW. Is Schwab Charles stock a good investment? Should you buy shares of SCHW? How do SCHW's underlying business fundamentals look? Do top analysts think Schwab Charles is a good buy? Why has SCHW's stock price moved recently? (Hint: Our stock research tools can help you decide if SCHW is a good stock to buy).
- Make your SCHW trade: Decide if you will purchase SCHW shares at the current market price or use a limit order to buy SCHW stock at a particular price.
- Keep tabs on your SCHW position: Create a watchlist to get live updates on your new investment in Schwab Charles shares.
Step 1: Figure out where to buy Schwab Charles stock
You need an online brokerage account to access the NYSE market and buy SCHW shares.
Our favorite brokerage: eToro
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- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
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- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can buy SCHW stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on one of the best stock apps, you can securely and quickly fund your account:
Check out the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Research Schwab Charles stock
Once you have figured out the best place to buy Schwab Charles stock, it's crucial to research their stock before you buy, so you truly understand the risk as well as the opportunity.
Schwab Charles shares quick numbers
Schwab Charles Fundamentals
WallStreetZen was built to help average investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on SCHW's stock page.
How is SCHW stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SCHW's fair value.
Using relative valuations ratios:
- SCHW could be overvalued based on its P/E ratio of 29.37x, relative to Capital Markets industry P/E ratio of 19.26x
- SCHW could be overvalued based on its P/B ratio of 3.34x, relative to Capital Markets industry P/B ratio of 1.86x
- SCHW may be undervalued based on its PEG ratio of 0.49x
You can do more valuation research on SCHW's stock here.
SCHW Financial Health Summary
Passed Health Checks:
- SCHW earnings of $6.38B is not sufficient to cover its interest payments.
- SCHW's operating cash flow of $19.59B allows it to safely service it's debt of $59.08B.
- Total SCHW debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- SCHW has a relatively high debt to equity ratio of 11.04.
- SCHW profit margin has gone down from 32% to 24.7% in the past year.
Is it a good time to buy SCHW stock, according to analysts?
Out of 13 Equities analysts who monitor SCHW, the consensus analyst rating on SCHW is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest SCHW Analyst Forecasts
Benjamin Budish, a top 5% analyst from Barclays maintains SCHW with a hold rating and raises their SCHW price target from $74.00 to $75.00, on Apr 16, 2024.
Kenneth Worthington, a top 20% analyst from JP Morgan maintains SCHW with a strong buy rating and raises their SCHW price target from $86.00 to $89.00, on Apr 16, 2024.
Christopher Allen, a top 14% analyst from Citigroup maintains SCHW with a hold rating and raises their SCHW price target from $70.00 to $75.00, on Apr 11, 2024.
Michael Cyprys, a bottom 8% analyst from Morgan Stanley maintains SCHW with a hold rating and raises their SCHW price target from $65.00 to $71.00, on Apr 9, 2024.
Brian Bedell, a top 5% analyst from Deutsche Bank maintains SCHW with a strong buy rating and raises their SCHW price target from $75.00 to $77.00, on Mar 19, 2024.
You can dig deeper into what analysts are projecting on the Schwab Charles stock forecast page.
Metrics for Advanced SCHW Traders
SCHW Growth Metrics
Last year, SCHW earnings were $4.65B. Over the last 5 year, SCHW's earnings have gone up by 0.64% per year. This was slower than the Capital Markets industry average of 11.84%.
Last year, SCHW revenue was $18.84B. During the past 5 year, SCHW's revenue has grown by 13.2% per year. This was slower than the Capital Markets industry average of 13.58%.
Dive into SCHW's earnings and revenue performance here.
What are SCHW executives and large shareholders up to?
In the past year, insiders at SCHW have sold more shares than they have bought.
Charles R. Schwab, Co-Chairman of SCHW, was the latest SCHW insider to sell. They sold $6,661,343.40 worth of SCHW shares on Apr 22, 2024.
Dig into more about who owns SCHW shares here.
Can I get consistent income from SCHW stock?
Schwab Charles pays a dividend of 1.34%, compared to the Capital Markets industry's average dividend yield of 2.76%. If you owned $1,000 of SCHW stock, you would have been paid $13.35 in the past 12 months.
Schwab Charles dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Schwab Charles dividend yield and history here.
What others are saying about SCHW
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your SCHW trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and your broker will execute the order.
If you need additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your SCHW position
Now that you own some shares in SCHW, you'll want to keep up with your new shares.
Start a watchlist to get notified of important updates regarding your SCHW stock.
SCHW Feed
How to Buy Stock in Schwab Charles
To reiterate, here are the 6 steps for buying Schwab Charles stock:
- Figure out where to buy Schwab Charles stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Schwab Charles stock
- Make your SCHW trade
- Keep tabs on your SCHW position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Schwab Charles, create a watchlist on WallStreetZen today.
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