Barclays Maintains an 'Equalweight' on Charles Schwab (SCHW); Headwinds Stiffen: Lowering Estimates

Barclays maintains an 'Equalweight' on Charles Schwab (NYSE: SCHW), price target of $17.00.

Barclays analyst says, "...In our view, the biggest takeaway this meeting (semi-annual full business update) was the updated NIM and money market fee waiver guidance. Management cited more challenging interest rate conditions over the last several months that led to not only the weaker results in 2Q (downtick in NIM and a new high on money market fee waivers) but also the firm's lower expectations for the back half of 2011...EPS Revisions: 3Q11: $0.20 to $0.18. 4Q11: $0.20 to $0.19. 2012: $1.05 to $0.98."

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 $15.44 yesterday.

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