Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks -- and the track records of the firms behind them -- so individuals can make better investing decisions.
In addition to following professional banks, anyone can use Motley Fool CAPS to monitor the collective opinions of more than 115,000 members, many of whom demonstrate better investing insight than published analysts do.
Enough top-performing CAPS members have turned bullish on Charles Schwab
Commanding what is arguably the leading brand in the space, Charles Schwab has deftly leveraged its status with consumers as a discount broker to enter other financial-service categories. It also helps that the trusted asset manager hasn't had nearly the level of teething pain that discount competitor E*Trade
Schwab has been riding out the recent financial turmoil with a small 1% second-quarter gain in net income, reaching $295 million. Volatility has been one of Charles' good friends lately, as market conditions drove in new customers and stronger trading activity for the quarter. With relatively little exposure to subprime lending or mortgage-backed securities, the strong capital base and liquidity even allowed it to hike its dividend by 20%.
After Bear Stearns was sold to JPMorgan Chase
Charles Schwab had the right stuff to be recommended by the Motley Fool Stock Advisor service. To see all the stocks that have helped Tom and David Gardner beat the market by 41 points on average, take a free 30-day trial.
Fool contributor Dave Mock recently upgraded his rock collection with another rock. He owns no shares of companies mentioned here and is the author of The Qualcomm Equation. JPMorgan and Bank of America are Income Investor picks. Charles Schwab is a Stock Advisor recommendation. The Fool's disclosure policy comes with a free pen and a keychain.