Barclays raised the firm’s price target on Charles Schwab to $62 from $55 and keeps an Equal Weight rating on the shares. The rate futures curve has come up meaningfully since a prior update and, despite softer trading activity, fiscal 2024 and 2025 estimates come up particularly for Schwab and Interactive Brokers ahead of the Q2 reports, the analyst tells investors in a research note. The firm is incrementally positive on Schwab but awaits more clarity on its cash balance growth.
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