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Piotroski’s Best and Worst Large Cap Stocks

By Joel Stonington - 2011-12-06T01:37:02Z

Photograph by JB Reed/Bloomberg News

16 of 19

Piotroski's Worst: Charles Schwab

Business: Financial services, including brokerage

Piotroski Score: 1

Charles Schwab (SCHW) gets Piotroski's lowest score. The company generated net income of $454 million in 2010, but its operating cash flow was much lower, at -$9 million in 2010. The company's margins on earnings before interest, taxes, depreciation and amortization (Ebitda) also fell, from 36.66 percent in 2009 to 35.83 percent in 2010.

Outlook for the Company:

Bull Case: Deutsche Bank writes that management is reining in 2012 core expenses and that the company is well-positioned if the economy improves and rates begin to rise.

Bear Case: The company has reported weaker quarterly numbers and has a seen a decline in revenue from its asset management business, according to Keefe, Bruyette & Woods.