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Charles Schwab (SCHW) Catches Eye: Stock Jumps 7.3%

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The Charles Schwab Corporation (SCHW - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $40.71 to $44.75 in the past one-month time frame.

The stock gained following reports that the company is in talks to acquire TD Ameritrade.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Charles Schwab currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

The Charles Schwab Corporation Price

Investors interested in the Financial - Investment Bank industry may consider Piper Jaffray Companies (PJC - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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