Credit Suisse Downgrades Charles Schwab to “Neutral” (SCHW)
Analysts at Credit Suisse are not expecting Charles Schwab Corp (SCHW) to see earnings expansion in the capital markets space. Because of this, the analysts downgraded the brokerage firm.
The analysts downgraded SCHW from “Outperform” to “Neutral.”
Charles Schwab shares were down 15 cents, or -0.86%, during morning trading on Tuesday. The stock is up +20.33% year-to-date.
The Bottom Line
Shares of Charles Schwab (SCHW) have a dividend yield of 1.38% based on last night’s closing price of $17.38 and the company’s annualized dividend payout of 24 cents per share.
Charles Schwab Corp (SCHW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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