Truist on Charles Schwab Corp. (SCHW): 'Rate-Related Selloff a Potential Buying Opportunity'

Truist Securities analyst David Smith reiterated a Buy rating and $112.00 price target on Charles Schwab Corp. (NYSE: SCHW).

The analyst commented: "As 3Q results kick off later this month, we take a look at the setup for the trust banks and Schwab, and outline key metrics to look out for in the prints. We continue to like SCHW on growth momentum and view the recent rate-related selloff as a potential buying opportunity."

For an analyst ratings summary and ratings history on Charles Schwab Corp. click here. For more ratings news on Charles Schwab Corp. click here.

Shares of Charles Schwab Corp. closed at $92.25 yesterday.

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