JPMorgan raised the firm’s price target on Charles Schwab to $89 from $86 and keeps an Overweight rating on the shares. The firm cites the company’s Q1 earnings beat driven by better net interest income and better cost management. Charles Schwab’s expenses were also “notably better”, primarily driven by compensation, as business efficiency efforts from late 2023 showed through, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCHW:
- SCHW Earnings: Charles Schwab’s Q1 Earnings Miss Estimates
- Options Volatility and Implied Earnings Moves Today, April 15, 2024
- Options Volatility and Implied Earnings Moves This Week, April 15 – April 19, 2024
- SCHW Upcoming Earnings Report: What to Expect?
- Charles Schwab price target raised to $78 from $75 at Piper Sandler