Morgan Stanley analyst Michael Cyprys maintains $Charles Schwab (SCHW.US)$ with a hold rating, and adjusts the target price from $70 to $68.
According to TipRanks data, the analyst has a success rate of 56.0% and a total average return of 5.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Charles Schwab (SCHW.US)$'s main analysts recently are as follows:
Anticipation of a 'normal' market environment persists with initial public offerings and mergers exhibiting renewed activity, and optimism being fueled by rate expectations. However, the third quarter has experienced somewhat weaker activity than anticipated.
In anticipation of Q3 earnings reports from brokerage and wealth management firms, it's noted that average Q3 EPS estimates have seen an approximate 1% increase. For Charles Schwab, this adjustment is reflected in an increased Q3 estimate, with higher net interest income and improved trading volume cited as the primary drivers.
Note:
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