Fly News Breaks for October 30, 2018
SCHW
Oct 30, 2018 | 07:10 EDT
Deutsche Bank analyst Brian Bedell upgraded Charles Schwab to Buy from Hold and raised his price target for the shares to $54 from $52. The analyst says the online brokers are "poised for the strongest rebound" across his coverage universe if equity market conditions improve and interest rate expectations stay near current levels Further, he continues to like the exchanges on recent strength of trading volumes. The underperformance of Charles Schwab shares is overdone and presents a buying opportunity, Bedell tells investors in a research note. He's also encouraged by Schwab's recently announced $1B share repurchase program that he says will drive better use of excess capital.
News For SCHW From the Last 2 Days
SCHW
Apr 16, 2024 | 07:17 EDT
TD Cowen raised the firm's price target on Charles Schwab to $92 from $87 and keeps a Buy rating on the shares. The firm said earnings seem coiled like a spring to expand/grow measurably given combination of peaking client sorting, improving NNA growth, and ongoing pro forma synergies with Ameritrade.
SCHW
Apr 16, 2024 | 05:52 EDT
Barclays raised the firm's price target on Charles Schwab to $75 from $74 and keeps an Equal Weight rating on the shares. The company's Q1 report was in line with the Street, and management struck an upbeat tone on the call, the analyst tells investors in a research note. The firm believes investor sentiment seems to be improving.
SCHW
Apr 15, 2024 | 08:06 EDT
Reports Q1 revenue $4.74B, consensus $4.72B. "Against an improved macroeconomic backdrop, clients entrusted us with $96 billion in core net new assets - including $45 billion in March alone. At the same time, solid investor engagement contributed to over 1 million new brokerage account openings during the quarter." co-chairman and CEO Walt Bettinger