BofA raised the firm’s price target on Charles Schwab to $70 from $68 and keeps an Underperform rating on the shares following the company’s Spring Business Update call, which included positive commentary from CFO Peter Crawford on the net interest margin and the firm’s asset sensitivity. The firm has adjusted its Q2, 2025 and 2026 EPS estimates to 82c, $3.99 and $4.67, respectively, due to several adjustments including positive revisions from fewer rate cuts and a pickup in retail engagement partially mitigated by a slightly higher expense forecast and lower leverage within the bank.
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