Charles Schwab Corporation (NYSE:SCHW) hit a fresh 52-week high, with its stock climbing to $91.82. This marks a notable gain for the financial services leader, whose share price has increased nearly 25% over the past year. The company’s market cap now stands at approximately $166 billion, fueled by a strong year-to-date performance of 24.22%, driven by favorable market conditions and strategic initiatives that have strengthened investor confidence.
In recent company news, Charles Schwab reported a record $35 billion in core net new assets for May 2025, reflecting a 13% year-over-year growth. Total client assets surged to $10.35 trillion at the end of May, marking a 12% increase compared to May 2024 and a 5% rise from the previous month.
Additionally, the Federal Reserve’s 2025 Comprehensive Capital Analysis and Review affirmed that Charles Schwab’s stress capital buffer will remain at the regulatory minimum of 2.5%, highlighting the firm’s solid capital base. On the analyst front, Truist Securities raised its price target to $100 while maintaining a Buy rating despite some softening in recent company data. Similarly, Redburn-Atlantic upgraded the stock from Sell to Neutral and lifted the price target to $82, citing optimism about the U.S. retail wealth management sector.
Further corporate developments include the filing of a Certificate of Elimination for the company’s Series G Preferred Stock, officially removing it from the Fifth Restated Certificate of Incorporation. These moves underscore Charles Schwab’s active financial management and strategic market positioning.