Charles Schwab Corporation (NYSE: SCHW) has already rallied more than 10% this year – but a Wells Fargo analyst says investors haven’t entirely missed the opportunity in this financial services giant.

Charles Schwab Corp. surprised investors with a fourth-quarter earnings beat on Tuesday, sending the stock higher. It was a solid start to what could be a strong year for Schwab. But Schwab also needs a strong year — and then some — if it’s to catch up with other brokerages.

Charles Schwab shares rose Tuesday after the financial services firm's earnings for the fourth quarter topped estimates. Revenue and profits surged from the same time a year ago as asset management fees set a quarterly record.