Schwab Reports Second Quarter Results

Charles Schwab Corp. (SCHW) PT Lowered to $66 at BofA Securities

BofA Securities analyst Craig Siegenthaler lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $66.00 (from $72.00) while maintaining a Underperform rating.

The analyst comments "SCHW once again missed on deposit growth which drove supplemental funding higher in the quarter... More

Charles Schwab Corp. (SCHW) PT Lowered to $78 at JPMorgan

JPMorgan analyst Kenneth Worthington lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $78.00 (from $82.00) while maintaining a Overweight rating.

The analyst comments "Schwab reported 2Q24 adj. EPS of $0.73, generally in line with our and Bloomberg consensus expectations, with slightly better net interest income and adj. expenses. While the headline results were largely in line, underlying trends... More

Charles Schwab Corp. (SCHW) PT Lowered to $79 at Deutsche Bank

Deutsche Bank analyst Brian Bedell lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $79.00 (from $84.00) while maintaining a Buy rating.

The analyst comments "Positively, mgmt cited early July trends are showing some signs of normalization in NNA and mgmt reiterated... More

Jefferies on Charles Schwab Corp. (SCHW): 'Cash Levels Still Declining'

Jefferies analyst Daniel Fannon reiterated a Buy rating and $88.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "SCHW reported 2Q24 adj EPS of $0.73 (JEF $0.71/Cons $0.73). Revs were modestly below expectations (-$14M vs Cons) while lower exp's were... More

Charles Schwab reports marginal Q2 earnings beat, in-line revenue; stock down

(Updated - July 16, 2024 7:56 AM EDT)

Charles Schwab (NYSE: SCHW) reported Q2 earnings that marginally beat analyst expectations, while revenue came in line.

The company reported adjusted earnings per share (EPS) of $0.73 for the quarter, just above the consensus estimate of $0.72.... More