Charles Schwab price target raised to $131 from $128 at JPMorgan

JPMorgan analyst Kenneth Worthington raised the firm’s price target on Charles Schwab (SCHW) to $131 from $128 and keeps an Overweight rating on the shares. The firm views the company’s Q1 report as solid. The analyst expects Schwab’s net interest margin to expand throughout 2026. While AI concerns on cash sorting appear to have been the focus of investors post earnings, the company has secular tailwinds and strategic monetization opportunities going forward, the analyst tells investors in a research note.