Carol Massar
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All right, folks, if you really want to know what's going on in the investment universe, you really want to talk to the folks at Charles Schwab.
It is a great place to start.
First of all, it's a $175 billion market cap company.
Stock is up about 26% year to date.
Following its recent earnings, at least 11 analysts raised their price target.
on the stock after Schwab's third quarter earnings beat, thanks to a surge in retail investing activity.
And it's something we certainly want to dig into.
Now, Rick Worcester took over as CEO in January of this year after previously serving as president for about three years at the company.
He was head of Schwab Asset Management Solutions before that.
So you have been at the company for nearly a decade.
Is that right?
Welcome.
Thank you.
Thank you.
Well, we love coming here because we really do feel like it's good to get out of, I feel like, the coasts.
And I feel like it's good to talk to the people who are actually managing tons and tons of money on a daily basis.
Talk to us about your first year and some of what's been coming at you and how you and your team are making sense of kind of the investment environment when things can change often on a day-to-day basis.
So as you walk around the floor and you're talking to advisors, I mean, what are they talking about in terms of timely advice that you're getting maybe from the advisors and what they are kind of hearing from their clients?