Justin Sullivan In late December 2023, I upgraded Charles Schwab (NYSE:SCHW) stock from Sell to Hold, arguing that the U.S. brokerage firm is likely a key beneficiary of the 2024 expected rate cuts. Today I give SCHW shares another upgrade, as my latest view on the brokerage market suggests strong earnings upside thanks to the emerging bull market in equities, crypto and other tradeable asset classes. In fact, I argue that vibrant markets will inevitably lead to higher margin balances and trade volumes, whi ...