Barclays Maintains an 'Equalweight' on Charles Schwab (SCHW); Raising 1Q EPS Estimate on Better Volumes

Barclays maintains an 'Equalweight' on Charles Schwab Corp. (NYSE: SCHW), PT $19.

Barclays analyst says, "SCHW's February monthly metrics were somewhat weaker than our expectations. Reported total trading activity was sequentially weaker (mostly driven by non-commission trades), but ahead of our published estimates, and net new assets and net brokerage account additions were running below our quarterly pace estimates. As a result of the better trading volumes, we are raising our 1Q11 EPS estimate from $0.17 to $0.18, driven by an upwardly revised DARTs estimate (+21% vs. +9% previously)." (Raises FY11 EPS estimate from $0.85 to $0.86)

For more ratings news on Charles Schwab Corp. click here and for the rating history of Charles Schwab Corp. click here.

Shares of Charles Schwab Corp. closed at $18.50 yesterday.

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