Barclays maintains an 'Equalweight' on Charles Schwab (SCHW); Quality Quarter with Improving EPS Trends
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Price: $112.30 +2.29%
Rating Summary:
22 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Charles Schwab Corp. (NYSE: SCHW), PT $19.
Barclays analyst says, "Supported by a rising equity market, growing client assets, and improving net interest margins, we believe the markedly higher results in 1Q is just the beginning of a steeply rising earnings curve, one which could see a doubling of EPS over the next two to three years. However, with the shares up 9% YTD (vs. S&P500 +5%) and 47% since the end of August (vs. S&P500 +23%), we believe this is already well appreciated by the market and is now more a matter of timing and magnitude of the upswing in earnings relative to shifts in the interest rate environment."
"Given the better-than-expected quarter, particularly in the net interest margin and good expense management, we are raising our 2011 EPS estimate to $0.90 from $0.86. We are maintaining our 2012 EPS estimate of $1.30."
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 $18.61 yesterday.
Barclays analyst says, "Supported by a rising equity market, growing client assets, and improving net interest margins, we believe the markedly higher results in 1Q is just the beginning of a steeply rising earnings curve, one which could see a doubling of EPS over the next two to three years. However, with the shares up 9% YTD (vs. S&P500 +5%) and 47% since the end of August (vs. S&P500 +23%), we believe this is already well appreciated by the market and is now more a matter of timing and magnitude of the upswing in earnings relative to shifts in the interest rate environment."
"Given the better-than-expected quarter, particularly in the net interest margin and good expense management, we are raising our 2011 EPS estimate to $0.90 from $0.86. We are maintaining our 2012 EPS estimate of $1.30."
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 $18.61 yesterday.
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