Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on Charles Schwab (SCHW) to $99 from $91 and keeps an Outperform rating on the shares ahead of the Q2 report. The firm increased estimates to reflect higher trading fees and net interest revenues. It continues to expect Schwab Bank’s high-cost funding to be paid down by the end of the year, driving “significant” net interest margin upside.
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