Walk to Chuck?
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Charles Schwab (SCHW) reported on Nov. 13 that client assets totaled $1.35 trillion at the end of October, a 16% increase from one year earlier. Shares of the firm trade at 18.79, but independent research firm Collins Stewart estimates the stock could reach 25 over the next 12 months, citing Schwab's "strong asset-gathering prowess."
The Nov. 2 launch of the first Schwab-branded exchange-traded funds will likely attract new cash. The company is offering free online trading of the ETFs to its customers. That allows them to dollar-cost-average with the funds, sparing them the steep trading costs of investing at regular intervals in ETFs.