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# Charles Schwab: Get Ready For Multiple Quarters Of Margin Expansion (Archive)
- URL: https://www.huntingalphas.com/charles-schwab-get-ready-for-multiple-quarters-of-margin-expansion-archive/
- Published: 2023-07-08T17:30:00.000Z
- Updated: 2026-02-26T17:29:24.000Z
- Description: Multiple levers position Schwab for sustained net interest margin and earnings expansion.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, SCHW, Financials

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Charles Schwab's Q2 FY23 results have compelled me to do a 180-degree turn in my stance on the stock; from a 'sell' to a 'strong buy'.
- Cash sorting issues are no more as there has been a sharp reduction in net new purchased money market fund flows.
- There are multiple levers for margin expansion. Reduction in high cost short-term borrowings is expected to boost NIMs, and expense reduction is another margin lever.
- Valuations are attractive as the stock trades at a 12.2% discount to its long-term PE.

Read the full article [here](https://seekingalpha.com/article/4620998-charles-schwab-multiple-quarters-of-margin-expansion-rating-upgrade?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*