Shares of The Charles Schwab Corporation (NYSE:SCHW) traded at a new 12-month high today of $85.75. This new high was reached on approximately average trading volume as 3.6 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.
Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $6.5 trillion of client assets at the end of 2020. Nearly all of its revenue is from the United States.
The Charles Schwab Corporation is currently priced 23.3% above its average consensus analyst price target of $65.51.
Over the past year, The Charles Schwab Corporation has traded in a range of $50.02 to $85.75 and is now at $85.39, 71% above that low.
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