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Fly News Breaks for March 17, 2015
SCHW
Mar 17, 2015 | 07:51 EDT
As noted earlier, JMP Securities upgraded Charles Schwab (SCHW) to Outperform from Market Perform. Following an update by the company, the firm is more confident that Schwab will begin sweeping money market fund balances to its balance sheet. The firm adds that the $75B of balances available to be moved is significantly higher than the $50B it had previously estimated, and it remains upbeat on a number of other initiatives being undertaken by the company. JMP Securities has a $37 price target on Charles Schwab shares.
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