{
}
Morgan Stanley is enhancing its E*Trade platform with the launch of "Power E*Trade Pro," designed for active day traders, allowing extensive customization across multiple screens. This initiative follows the firm's acquisition of E*Trade for $13 billion in 2020 and aims to capture a growing retail market amid increased trading activity linked to market volatility. The platform is set for a full launch in June, competing with offerings from Charles Schwab and Robinhood.
Truist has lowered its price target for Charles Schwab (SCHW) from $85 to $84 while maintaining a Buy rating, reflecting adjustments due to economic conditions and the company's recent first-quarter results. Analysts project an average target price of $87.21, indicating a potential upside of 14.52% from the current price of $76.15, with a consensus recommendation of "Outperform." GuruFocus estimates a fair value of $87.33 for the stock, suggesting a similar upside.
Bank of America has raised its price target for Charles Schwab (SCHW) from $66 to $70 following the review of its first-quarter earnings, while maintaining an Underperform rating due to concerns over slower organic growth compared to peers. Analysts project an average target price of $87.21 for Schwab, indicating a potential upside of 14.52% from the current price of $76.15, with a consensus recommendation of "Outperform" from 23 brokerage firms. GuruFocus estimates the fair value at $87.33, suggesting a similar upside.
Charles Schwab Corp. plans to launch direct spot crypto trading for its clients by April 2026, as CEO Rick Wurster highlighted the company's readiness amid a changing regulatory landscape. Currently, clients can access crypto through ETFs and futures, but the new offering will allow millions to buy crypto directly through their brokerage accounts. Wurster noted that the shift reflects a broader trend among traditional financial institutions responding to increasing investor demand for digital assets.
Charles Schwab Corp plans to introduce spot Bitcoin trading services for clients in April 2026, according to CEO Rick Wurster. The company's crypto site has seen a remarkable 400% increase in traffic, indicating a growing investor interest in digital assets.
Charles Schwab Corp plans to launch spot Bitcoin trading services by April 2026, driven by a significant increase in interest in digital assets. CEO Rick Wurster expressed optimism about a favorable regulatory environment following the 2024 elections, which could facilitate direct crypto offerings. In early 2025, Schwab partnered with Trump Media and Technology Group to launch "Truth.Fi," aiming to address concerns over financial censorship and privacy.
Charles Schwab Corp reported record Q1 2025 net revenues of $5.6 billion, an 18% year-over-year increase, with GAAP EPS of $0.99 surpassing estimates. The firm achieved a 44% rise in core net new assets, totaling $137.7 billion, despite facing challenges like a decline in client cash balances. Schwab's net income reached $1.9 billion, reflecting effective cost management and a commitment to shareholder value through increased dividends and stock repurchases.
Walt Bettinger has joined Clayton, Dubilier & Rice (CD&R) as a senior advisor just four months after retiring as CEO of Charles Schwab, signaling a significant move in the RIA sector. His extensive experience and market knowledge are expected to bolster CD&R's ambitions in private equity, particularly following their acquisition of Focus Financial. With a strong team already in place, Bettinger's addition is seen as a strategic enhancement to CD&R's financial services operations.
Marty Bicknell's Dynasty Financial Partners raised an estimated $100 million at a $500 million valuation, enhancing its services for independent advisors while maintaining a debt-free status. The investment round, led by Abry Partners and supported by Charles Schwab, positions Dynasty for strategic growth amid challenging IPO conditions. CEO Shirl Penney emphasized the importance of aligning with partners to strengthen their commitment to the independent wealth management sector.
Vanguard faces two lawsuits, with the second being a near replica of the first, both seen as attempts to pressure the company into a settlement. Meanwhile, the firm is enhancing its brokerage services and has implemented conventional processing fees, providing clients with advance notice. Robo-advisors like Betterment and Wealthfront are adjusting their fee structures, with Betterment raising prices while Wealthfront focuses on downmarket growth, showcasing a strategic divergence in the competitive landscape of digital investment services.
Charles Schwab Corp
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley launches new ETrade platform targeting active day traders
United States Dollar
Charles Schwab Corp
Morgan Stanley
Robinhood Markets Inc
USA
Donald Trump
Ted Pick
Sharon Yeshaya
James Gorman
Show more
17:06 21.04.2025
truist lowers price target for charles schwab while maintaining buy rating
15:20 21.04.2025
Bank of America Raises Charles Schwab Price Target Amid Growth Concerns
14:46 21.04.2025
charles schwab plans to launch direct crypto trading by 2026
14:30 21.04.2025
Charles Schwab to Launch Bitcoin Trading Services for Clients in 2026
10:48 21.04.2025
charles schwab plans to launch spot bitcoin trading by april 2026
17:10 20.04.2025
Charles Schwab reports record earnings and revenue growth in Q1 2025
02:01 20.04.2025
walt bettinger joins cdr signaling major moves in private equity landscape
Marsh & McLennan Companies, Inc.
Charles Schwab Corp
Clayton, Dubilier & Rice Fund IX LP
Fidelity Focus Financial Serv Sr A
USA
Cecile Munoz
Chuck Schwab
David Winokur
Dan Glaser
Adam Birenbaum
Walter W Bettinger II
Peter Crawford
Michael Nathanson
Show more
05:29 02.04.2025
dynasty financial partners secures funding to enhance services and pursue acquisitions
United States Dollar
Beacon Pointe LP
Charles Schwab Corp
Pershing Square Holdings, Ltd.
The Goldman Sachs Group, Inc.
Fidelity Balanced
KKR & Co. Inc.
USA
Marc Hineman
Harvey Golub
Mike Wunderlich
Bernie Clark
Marty Bicknell
Justin Weinkle
Shirl Penney
Show more
03:47 28.03.2025
vanguard faces lawsuits amid rising fees and competition in robo-advising
02:10 22.03.2025
Trending
Subcategory
Stock Market Updates
Industry Trends
Corporate News
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
AI Innovations
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Funding Rounds & Investments
Central Bank Actions
Banking Regulations
Government Policies
Supply Chain Management
Market Analysis and Predictions
AI & Automation Regulations
Government Economic Policies
Domestic Politics
Global Trade Developments
CEO Changes
Countries:
Companies:
NVIDIA Corporation
Huawei Technologies CO. Ltd.
The Goldman Sachs Group, Inc.
Apple Inc.
Tesla, Inc.
Barclays PLC
Citigroup Inc.
Wells Fargo & Company
American Express Co
VP Bank AG
Bank of America Corporation
Tiktok USD
HSBC Holdings plc
Berkshire Hathaway Inc.
International Monetary Fund FUND
Morgan Stanley
DoorDash, Inc.
Deliveroo plc
HDFC Bank Ltd
Coca-Cola FEMSA, S.A.B. de C.V.
Currencies:
United States Dollar
Euro
Swiss Franc
Indian Rupee
Japanese Yen
British Pound Sterling
United Arab Emirates Dirham
Chinese Yuan
Offshore Chinese Yuan
Saudi Riyal
Australian Dollar
Hong Kong Dollar
Swedish Krona
Brazilian Real
South Korean Won
Norwegian Krone
People: