Charles Schwab (SCHW) Soars 1.22% on Bullish Analysts, Record Assets

Charles Schwab Corporation (SCHW) shares surged 1.22% today, marking the third consecutive day of gains, with a cumulative increase of 1.57% over the past three days. The stock price reached its highest level since March 2022, with an intraday gain of 1.28%.

The strategy of buying SCHW shares after they reached a recent high and selling them one week later delivered moderate returns but underperformed the market. The strategy's CAGR was 5.71%, trailing the benchmark by 42.24%. With a maximum drawdown of -45.80% and a Sharpe ratio of 0.17, the strategy indicated a challenging risk-return profile, highlighting the importance of risk management in such a volatile scenario.

Analysts have shown a positive outlook on Charles Schwab, with Truist Securities maintaining a "Buy" rating and increasing their price target from $97 to $100 on June 16, 2025. This adjustment reflects the firm's confidence in the company's future performance. Additionally, Citigroup raised their target price on Charles Schwab shares from $102 to $105, reiterating a "Buy" rating as part of their Q2 earnings preview. These analyst actions suggest a bullish sentiment towards the stock, contributing to its recent upward trajectory.

Charles Schwab's recent performance has been robust, with the company reporting a record $35 billion in core net new assets for May 2025. This figure represents a 13% year-over-year growth, indicating strong client acquisition and asset management capabilities. The company's ability to attract new assets and maintain its market position has been a key driver of its stock price movements. The combination of positive analyst sentiment and strong company performance has positioned Charles Schwab for continued growth and investor confidence.