Charles Schwab: Load Up The Buys (Archive)

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

• 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.

Read the full article here.