U.S. Markets open in 3 hrs 49 mins

How Charles Schwab Is Valued after Strong Second-Quarter Results

Raymond Anderson
How Charles Schwab Is Valued after Strong Second-Quarter Results

Charles Schwab’s (SCHW) price-to-earnings ratio stood at 19.74x on an NTM (next-12-month) basis. In comparison, the peer average is 19.47x. When Charles Schwab reported its second-quarter earnings, the stock rose. The stock prices of its competitors also witnessed upward movement, as Schwab’s strong results increased investor confidence in other major brokers.