5 Best Large Cap Stocks to Buy Under $100

2. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 104

The Charles Schwab Corporation (NYSE:SCHW) is one of the best large cap stocks to buy under $100. On May 13, Charles Schwab is planning to use AI to extend personalized financial insights and benefits (typically reserved for clients with a minimum of $1 million) to its less-affluent customer base. CEO Rick Wurster described AI as a “real accelerant” for the 55-year-old firm, addressing previous market concerns that AI would disrupt the traditional wealth-management business model.

The strategic shift aligns with Charles Schwab’s foundational mission to democratize investing, which began when the company started catering to retail customers after the elimination of fixed commission rates in 1975. Today, the Westlake, Texas-based brokerage firm has grown significantly, overseeing ~$12 trillion in client assets and managing more than 39 million active brokerage accounts as of March.

To support this expansion, The Charles Schwab Corporation (NYSE:SCHW) recently launched a GenAI product that combines portfolio performance insights, relevant market news, and Charles Schwab analyst commentary to assist retail investors in making financial decisions. In the same interview, the 53-year-old CEO also noted that while he has no plans to leave Charles Schwab anytime soon, he would be open to serving in a US government role after his retirement.

The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company. Through its subsidiaries, it provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.

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