Charles Schwab Shares Moving On High Volume (SCHW)

Charles Schwab (NASDAQ: SCHW) stock is moving on high volume today after the shares were upgraded at Goldman Sachs (NYSE: GS). The stock has gained 4.72% to $18.66 in today's trading. According to the Goldman analyst, improved earnings at Charles Schwab (SCHW) justify a higher share price.

Goldman Sachs' Daniel Harris wrote in a research note that, "The firm is well-positioned longer term to attract assets in both retail and institutional clients. The earnings and valuation risk appears more to the upside than it had been previously.” He upgraded the stock from a Sell to a Neutral rating.