Argus raised the firm’s price target on Charles Schwab (SCHW) to $90 from $84 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s core net new assets were healthy at $115B, while the management also offered 2025 financial guidance that included revenue growth of 13%-15%, adjusted expense growth of 4.5%-5.5%, and a full-year pretax margin in the upper 40% zone, implying a Q4 pretax margin approaching 50%, the analyst tells investors in a research note. Argus adds that it expects Schwab to post above-peer-average growth in the medium term thanks to its innovative products and continued market share gains.
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