Jefferies lowered the firm’s price target on Charles Schwab to $73 from $79 and keeps a Buy rating on the shares. Ahead of Q3 earnings from the brokers and wealth managers, the firm notes its Q3 EPS estimates have been raised 1% on average. For Schwab, the firm’s Q3 estimate increases to 75c from 74c, driven by higher net interest income and better trading volume.
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Read More on SCHW:
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- Charles Schwab CEO Walt Bettinger to retire, Rick Wurster to succeed
- Charles Schwab price target lowered to $72 from $75 at Citi
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