Goldman Sachs analyst Alexander Blostein maintains $Charles Schwab (SCHW.US)$ with a hold rating, and adjusts the target price from $74 to $80.
According to TipRanks data, the analyst has a success rate of 75.8% and a total average return of 21.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Charles Schwab (SCHW.US)$'s main analysts recently are as follows:
The October results of Charles Schwab highlighted ongoing enhancement in the company's transactional cash balances. This element is crucial for the firm's earnings outlook in the near to medium term, evidenced by a $10B increase from the previous quarter. Additionally, the end of the year typically brings seasonal advantages, and there is optimism based on the consecutive second month of cash trends surpassing expectations.
Charles Schwab's deposit balances are showing a significant improvement, with a noticeable uptrend observed over the past two months. The October core deposits on the balance sheet experienced an increase, following a substantial rise in September. This marks the most robust two-month deposit trend in the current cycle.
Note:
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