BofA raised the firm’s price target on Charles Schwab (SCHW) to $84 from $83 and keeps an Underperform rating on the shares after Schwab reported better-than-expected Q2 adjusted EPS. Schwab’s organic growth is still significantly lagging peers like Robinhood (HOOD), Interactive Brokers (IBKR) and LPL Financial (LPLA) and “even its own target of 5-7%,” according to the analyst, who says organic growth is “the main factor” for the firm’s Underperform rating.
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Read More on SCHW:
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