2023-04-23 21:21:48 ET
Summary
- In my last article, I mentioned 3 key metrics to track for Charles Schwab. In this piece, I review these metrics after the March quarter results and commentary.
- Outlook commentary was positive despite adverse movement in net new purchased money market fund flows.
- Bank Deposit Account balances continue to fall.
- Core net new assets are growing very strongly.
- Since early April, 1-yr fwd PEs have already re-rated sharply by +28.6%, and I believe the stock prices are yet to follow; my valuation estimate implies a 35.6% upside.
For further details see:
Charles Schwab: Load Up The Buys