Citi downgrades Robinhood stock to Sell after recent share price surge

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Charles Schwab Corp. (SCHW) PT Raised to $70 at BofA Securities

April 16, 2024 5:25 AM EDT

BofA Securities analyst Craig Siegenthaler raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $70.00 (from $68.00) while maintaining a Underperform rating.

The analyst comments "2024 has provided a strong macroeconomic backdrop for the brokers with rising equity markets, expectation of fewer Fed cuts and rebounding retail... More

Charles Schwab Corp. (SCHW) PT Raised to $76 at Goldman Sachs

April 16, 2024 5:14 AM EDT

Goldman Sachs analyst Alexander Blostein raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $76.00 (from $72.00) while maintaining a Neutral rating.

The analyst comments "Following 1Q24 results, we raise our 2024/25/26 EPS estimates to $3.39/$4.23/$5.24 from $3.31/$4.13/$5.06 to reflect a higher forward curve and further moderation in deposit outflows, resulting... More

Wolfe Research First Take on Charles Schwab Corp. (SCHW): 'The Rising Tides of March'

April 15, 2024 9:22 AM EDT

Wolfe Research analyst Steven Chubak reiterated an Outperform rating and $84.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "SCHW reported 1Q24 operating EPS of $0.74, which compares to our est. of $0.73 and cons. $0.73. Versus our estimate, the beat was driven by... More

Deutsche Bank on Charles Schwab Corp. (SCHW): 'good 1Q w/strong March NNA & mild deposit runoff'

April 15, 2024 9:21 AM EDT

Deutsche Bank analyst Brian Bedell reiterated a Buy rating and $84.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "We view SCHW's 1Q EPS as relatively good, with total net revenue of $4.740bn above our estimate of $4.717bn and Consensus of $4.714bn, and above mgmt.'s guidance of 5-6% sequential growth. Net interest revenue of $2.233bn was just above our $2.225bn estimate ($2.227bn Consensus). Asset management & admin fees of $1.348bn was higher than our $1.326bn estimate ($1.318bn Consensus). BDA... More

Goldman Sachs First Take on Charles Schwab Corp. (SCHW): 'In-line results, but continued improvement in March KPIs supports EPS re-acceleration story'

April 15, 2024 9:20 AM EDT

Goldman Sachs analyst Alexander Blostein reiterated a Neutral rating and $72.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "SCHW reported 1Q24 Adjusted EPS of $0.74, in line with Visible Alpha Consensus Data at $0.74 (GSe at $0.72). Relative to Consensus, total net... More