BofA raised the firm’s price target on Charles Schwab (SCHW) to $70 from $66 and keeps an Underperform rating on the shares. After Q1 earnings, the firm raised its Q2, 2026 and 2027 EPS estimates to $1.07, $4.70 and $5.69, respectively, but explains that its Underperform rating stems from Schwab’s lower organic growth trajectory versus online broker peers.
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Read More on SCHW:
- Charles Schwab price target raised to $95 from $88 at TD Cowen
- Charles Schwab’s Resilient Growth and Upside Potential Justify Buy Rating
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- Strong Financial Performance and Strategic Positioning Drive Buy Rating for Charles Schwab
- Charles Schwab Corp. Reports Record Q1 2025 Earnings
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