Truist raised the firm’s price target on Charles Schwab (SCHW) to $97 from $84 and keeps a Buy rating on the shares after the company reported its April monthly data. While the firm saw the typical seasonal weakness in Net New Asset flows plus client cash mix due to clients’ tax payments, both were strong on a seasonally adjusted basis, particularly in light of the market volatility, and daily trade volume in April was within shouting distance of the GameStop market madness in early 2021 – up a whopping 46% year-over-year.
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