Wolfe Research analyst Steven Chubak maintains $Charles Schwab (SCHW.US)$ with a buy rating, and adjusts the target price from $84 to $73.
According to TipRanks data, the analyst has a success rate of 61.8% and a total average return of 14.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Charles Schwab (SCHW.US)$'s main analysts recently are as follows:
It is anticipated that Charles Schwab's upcoming third-quarter results will present a varied picture, with earnings per share projected to align with the general consensus. The main focus will likely be on the potential recovery during September and October in terms of cash sweep balances and net new assets. Additionally, preliminary insights into the company's outlook for 2025 and the expected rate of earnings per share improvement will be of keen interest. A slower-than-anticipated improvement in earnings per share is projected, with estimates for 2025 and 2026 trailing behind the consensus by 13% and 1%, respectively.
The expectation of a 'normal' market environment is growing closer, with initial public offerings and mergers exhibiting indications of renewed activity, and optimism being fueled by interest rate expectations. However, activity in Q3 has been observed to be softer than anticipated.
Note:
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