Deutsche Bank analyst Brian Bedell lowered the firm’s price target on Charles Schwab to $83 from $109 and keeps a Buy rating on the shares. The company’s February metrics and CFO commentary in the report, combined with the government’s Bank Term Funding Program announced on Sunday, should finally reduce fears of a liquidity problem for Charles Schwab, the analyst tells investors in a research note. However, the firm sees the earnings impact from the cost of bearing greater liquidity as being significant for 2023. It believes Schwab should resume an earnings growth profile above 20% in both 2024 and 2025.
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