Stock price when the opinion was issued
He's been recommending this since last year's regional bank crisis when Schwab got caught in the crosshairs. It's a premier brokerage house with an amazing franchise. It was insane that shares nearly plunged in half. Last Monday, they reported a great quarter which sent shares 5% higher as the averages sank. Reported top and bottom line beats and added 1 million new accounts in Q1.
Previously caught up in regional bank concerns, and now interest rates coming down not necessarily good (less $$ earned on the float kept for customers). Can't win. Great platform, makes a lot of money, so no worries about the company. Trading volume has probably slowed a bit. Well run. He's not interested.
True, anything can go wrong with banks, and he's made the wrong call on this in the past, but you can't go wrong buying it at $56.