Deutsche Bank analyst Brian Bedell reiterated a Buy rating and $73.00 price target on Charles Schwab Corp. (NYSE: SCHW), saying Tuesday's sell-off provides a buying opportunity.

The analyst commented, "On Tuesday, SCHW shares dropped nearly 5% (as of this writing) vs. a ~2% drop in the BKX banking index and a slight drop in the S&P 500. We think this was catalyzed by SCHW's debt offering announced this morning, which rekindled some investor concerns around the pace of client cash sorting, liquidity, and capital levels - each of which we continue to believe are overblown. We would use the sell off as a buying opportunity and reiterate our Buy rating."

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Shares of Charles Schwab Corp. closed at $56.46 yesterday.