Nomura Securities Maintains a 'Neutral' on Charles Schwab (SCHW); Q1 Review

Nomura Securities maintains a 'Neutral' on Charles Schwab Corp. (NYSE: SCHW) price target of $14.50.

Analyst, Keith Murray, said, "Schwab reported EPS of $0.15, in line with our/consensus estimates. We think Schwab posted decent results given the still challenging interest rate backdrop and sluggish equity trading trends. We think Schwab shares could be range bound in the near term given low interest rates and a pretty full valuation (19x consensus 2012 estimates), and we remain Neutral on the stock (though money market reform concerns appear to be ebbing). 2012E EPS goes from $0.70 to $0.73."

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 $13.75 yesterday.

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