Jefferies Bullish on Charles Schwab (SCHW) Medium and Long Term Prospects

Jefferies reiterated a Buy rating and $35 price target on Charles Schwab Corp. (NYSE: SCHW) based upon both the medium and long term opportunity profile.

Analyst Daniel T. Fannon commented, "In the short term, asset growth remains robust and the company is on target to resume organically growing its balance sheet in 4Q14. Longer term, interest rates remain the +$2.5-3.5B revenue opportunity that will allow for a more favorable capital return story and continued investment for growth."

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 $27.86 yesterday.

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