Charles Schwab Corp. (SCHW) PT Raised to $90 at Raymond James

Raymond James analyst Patrick O\'Shaughnessy raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $90.00 (from $88.00) while maintaining a Outperform rating.

The analyst comments "We maintain our Outperform rating on Charles Schwab ahead of 1Q25 earnings and raise our target price by $2 to $90. We continue to see Schwab Bank’s high-cost funding to be largely paid down by the end of 2025, leading to significant net interest margin and EPS upside. Elevated market volatility is also driving stronger than expected trading volumes. Beyond the improving near-term financial outlook, we’re encouraged by improving trends in net new asset and account growth that suggest TD Ameritrade integration headwinds are becoming a thing of the past. All told, we continue to see a path for significant EPS growth in 2025/2026 and see upside to Schwab’s current valuation (~15x 2026E EPS)."

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