Schwab’s Strong Earnings Growth Will Continue in 2017, but Shares Are Fairly Valued
Our positive outlook for Charles Schwab’s earnings is intact, but we believe that shares have factored in all of the reasonable earnings upside. For 2016, the company booked record revenue of $7.5 billion and record pretax operating income of $4.5 billion, up 17% and 31%, respectively, from the previous year. Over 100% of the revenue increase from the previous year was related to interest rates, either directly through net interest income or waiving less money market fund fees. Given the operati...Charles Schwab is a savings and loan holding company. The company is engaged, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company provides financial services to individuals and institutional clients in two segments: Investor Services, which provides retail brokerage and banking services to individual investors and retirement plan services, as well as other corporate brokerage services, to businesses and their employees; and Advisor Services, which provides custodial, trading, banking and support services, as well as retirement business services to independent registered investment advisors and recordkeepers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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