[ibd-display-video id=2368044 width=50 float=left autostart=true] The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move.
Charles Schwab is currently forming a flat base , with a 46.31 buy point. Look for the stock to break out in volume at least 40% higher than normal.
Schwab is about 14% below it's all-time high of 51.66 that it hit back in April 1999.
The stock has a 96 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 24% earnings-per-share growth. Revenue growth fell to 16%, down from 18% in the prior quarter.
Charles Schwab holds the No. 5 rank among its peers in the Finance-Investment Banking/Brokers industry group. Houlihan Lokey ( HLI ) is the No. 1-ranked stock within the group.