Charles Schwab (SCH) -- A tech-stock profile? Message Board

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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?

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To: stock_bull69 who wrote (295)	3/15/1999 10:17:00 AM
From: stock_bull69	Read Replies (1) of 1390

Make that $86 3/8 and here is another PR giving similar details although I think $100 is a wee bit low for a year end forcast when it's at $86 and climbing in March: SAN FRANCISCO, March 15 (Reuters) - The world's largest discount stock brokerage, Charles Schwab Corp. <SCH.N>, on Monday said it expects first-quarter profits of 31 cents to 34 cents a share, exceeding Wall Street estimates of 26 cents a share. The San Francisco-based firm credited high trading volume for an anticipated net income of $130 million to $140 million on revenues of $910 million to $940 million. President and Co-Chief Executive Officer David S. Pottruck said, "Customer trading activity to date in March is comparable to February's pace, and customer assets at Schwab have rebounded after dipping slightly in February." Analysts credit Schwab's aggressiveness to develop its online trading on the Internet for its strong growth. According to a recent report, a money manager predicts the company's stock will hit $100 this year. In New York Stock Exchange trading Friday, its shares closed at $84, near its year-high of $84.94.

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