Charles Schwab: Staying The Course

Daniel JonesInvesting Group LeaderFollow5ShareSavePlay(8min)CommentsSummaryCharles Schwab Corporation continues to deliver operational growth, hitting all-time highs in client assets and active brokerage accounts.SCHW's money market funds and net new assets are expanding, offsetting lower bank deposit balances and supporting revenue and profit growth.Cost reductions in bank deposits and borrowings have improved profitability, but valuation multiples remain within historical norms.I maintain a 'Hold' rating on SCHW, as shares are fairly valued and lack a compelling discount or catalyst for an upgrade.Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » Joe Hendrickson/iStock Editorial via Getty Images The last time I wrote an article about The Charles Schwab Corporation (SCHW) was back in October of last year. In that article, I pointed out that the company had achieved great performance leading up to that point. Despite intense competitionThis article was written byDaniel Jones36.92K FollowersFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.