Schwab Reports Third Quarter Results

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Charles Schwab Corp. (SCHW) PT Raised to $84 at Jefferies

October 16, 2024 6:10 AM EDT

Jefferies analyst Daniel Fannon raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $84.00 (from $73.00) while maintaining a Buy rating.

The analyst comments "Following 3Q24 results, our 4Q24 and 2025 EPS estimates adjust modesty to $0.87/$3.80 from $0.82/$3.85, respectively. The sharp rise in Sept... More

Goldman Sachs Reiterates Neutral Rating on Charles Schwab Corp. (SCHW)

October 16, 2024 6:05 AM EDT

Goldman Sachs analyst Alexander Blostein reiterated a Neutral rating and $74.00 price target on Charles Schwab Corp. (NYSE: SCHW).

The analyst comments "Following 3Q24 results, we adjust our estimates to reflect slightly higher sweep deposit balances in 3Q and the latest forward interest rates. September balances benefited from some seasonal... More

Charles Schwab Corp. (SCHW) PT Raised to $75 at Citi

October 16, 2024 5:54 AM EDT

Citi analyst Chris Allen raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $75.00 (from $72.00) while maintaining a Neutral rating.

The analyst comments "SCHW finished up 6% yesterday following a top-line beat along with clear progress on paying down ST funding and growth of... More

Charles Schwab Corp. (SCHW) PT Raised to $74 at Barclays

October 16, 2024 5:45 AM EDT

Barclays analyst Benjamin Budish raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $74.00 (from $64.00) while maintaining a Equalweight rating.

The analyst comments "Key takeaway: Revenues beat Street estimates by 1% driven by higher BDA and asset management fees while adj. opex was in line, and adj.... More

Morgan Stanley Reiterates Equalweight Rating on Charles Schwab Corp. (SCHW)

October 15, 2024 4:04 PM EDT

Morgan Stanley analyst Michael Cyprys reiterated an Equalweight rating and $68.00 price target on Charles Schwab Corp. (NYSE: SCHW).

The analyst comments "Sweep deposits inflected sharply in Sept to growth of $17b or 4.7% m/m after many months of persistent withdrawals, raising... More