Charles Schwab Stock Soars 0.89% to 52-Week High on Strong Earnings

Charles Schwab's stock price rose to its highest level since March 2022 today, with an intraday gain of 0.89%.

The strategy of buying SCHW shares after they reached a recent high and holding for 1 week showed underperformance. The annualized return was -3.4% over the past 5 years, significantly lower than the market average. This indicates that relying on recent highs and short-term holding periods may not be an effective strategy for long-term capital appreciation.

Charles Schwab's stock price has been positively influenced by several factors in recent news. The company reported a record $35 billion in core net new assets for May 2025, reflecting a 13% year-over-year growth. This indicates strong financial performance and growth in client assets, which is a positive indicator for investors.

Analysts have also shown optimism about the company's future performance. Keefe, Bruyette & Woods increased their target price for Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating. Additionally, Goldman Sachs adjusted their price target to $103 from $100, maintaining a "Buy" rating. These upgrades suggest a positive outlook for the company's future performance.

The company's earnings performance has also contributed to the positive sentiment. Charles Schwab reported earnings of $1.04 per share for the recent quarter, exceeding analysts' consensus estimates of $1.01 by $0.03. This better-than-expected earnings performance likely contributed positively to the stock price.

These factors combined provide a strong basis for the recent increase in Charles Schwab's stock price, culminating in reaching a new 52-week high. The company's strong financial performance, positive analyst ratings, and better-than-expected earnings have all contributed to the upward trend in the stock price. Investors are likely to continue to monitor these factors as they assess the company's future prospects.