The Charles Schwab Corporation (SCHW) Plans to Expand its U.S. Branch Network, Opens 16 New Sites and Relocates or Enlarges 25 Existing Ones

With a strong profitability outlook, The Charles Schwab Corporation (NYSE:SCHW) secures a spot on our list of the 14 Stocks That Will Double in the Next 5 Years.

On September 17, 2025, The Charles Schwab Corporation (NYSE:SCHW) announced plans to expand its U.S. branch network, opening 16 new sites and relocating or enlarging 25 existing ones. The initiative will add over 400 new employees, including wealth and financial consultants.

This follows Truist Securities’ September 16 reaffirmation of a Buy rating with a $112 price target, emphasizing Schwab’s perfect Piotroski Score of 9, which signals strong financial health, and 5% core net new asset growth in August. Expansion in states like Florida, California, and Texas highlights Schwab’s commitment to in-person client engagement. With a $165 billion market valuation and a diverse portfolio of banking, brokerage, and wealth management services, The Charles Schwab Corporation (NYSE:SCHW) is well-positioned for long-term growth.

The Charles Schwab Corporation (NYSE:SCHW), together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the U.S. and abroad. It is one of the Stocks That Will Double.

While we acknowledge the potential of SCHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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