UBS Maintains a 'Buy' on Charles Schwab Corp. (SCHW); Faring Well in a Tough Environment

UBS maintains a 'Buy' on Charles Schwab Corp. (NYSE: SCHW) price target of $15.00.

Yesterday, SCHW reported Q2 EPS of $0.20, which was $0.02 better than the consensus. Revenues also topped estimates, coming in at $1.28 billion vs. $1.23 billion consensus.

This morning, UBS analyst, Alex Kramm, said the company was faring well in a tough environment. Kramm elaborated on the environment when commenting on TD Ameritrade (Nasdaq: AMTD), saying low interest rates, yields at risk, continued macro concerns leading up to lower trading volumes all present headwinds.

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 $13.01 yesterday.

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