Charles Schwab: A Case Of Mistaken Panic
@KevinKelly:
SummaryWe believe the recent banking crisis largely had nothing to do with SCHW, given its position as a brokerage company with value-added banking services.Even in the highly unlikely 'bank run' scenario, the company had excellent liquidity of $93.98B in FY2022, now significantly aided by another $300B from the Fed.Combined with its growing client assets, expanding profitability, and excellent forward guidance, the SCHW stock is likely to outperform ahead.wildpixel/iStock via Getty ImagesBuy The Panic-Driven DiscountWe believe The Charles Schwab Corporation (NYSE:SCHW$Charles Schwab(SCHW)$ ) has been overly sold at these levels, negatively impacted by the banking crisis over the past two weeks. Particularly, we think the pessimism is unwarranted