Morgan Stanley raised the firm’s price target on Charles Schwab (SCHW) to $139 from $130 and keeps an Overweight rating on the shares. Following Q3 earnings, the firm increased its Q4 EPS estimate by 10% to $1.41, noting that is 8c ahead of consensus at $1.33 on better net interest income and trading revenue. The firm also raised its FY26 and FY27 EPS estimates by 4% and 7%, respectively.
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