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Fly News Breaks for July 17, 2019
SCHW
Jul 17, 2019 | 07:47 EDT
Argus analyst Stephen Biggar lowered his price target on Charles Schwab to $52 after its Q2 results, saying that while the company topped consensus on earnings, its net interest revenue came in weaker. The analyst maintains his Buy rating on the stock longer term, stating that although the slowdown in revenue growth from lower interest rates weighed on its shares, the company has "several positive drivers" such as "strong" account growth, "innovative" low-cost products that are capturing market share, and operating expense leverage.
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