Reported about 17 hours ago
Truist Securities has retained its Buy rating for Charles Schwab Corporation (NYSE:SCHW) and raised its price target from $97 to $100 following a slowdown in May's performance. Although trading volumes and net new assets decreased compared to April, Schwab's fundamentals remain strong, with over 7 million average daily trades. Following the data release, Schwab's stock dropped approximately 2%, marking the second monthly report this year where its performance aligned with broader market trends.
Source: YAHOO