Truist analyst David Smith lowered the firm’s price target on Charles Schwab (SCHW) to $120 from $122 and keeps a Buy rating on the shares as part of a broader research note on Trust Banks and Capital Markets. The firm’s revised model incorporates a higher net interest margin and net interest income on the more conservative balance sheet, the analyst tells investors in a research note. Near-term market volatility is expected to pressure client assets but the firm is forecasting a recovery beginning in the second half of 2026, Truist added.
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