On Oct 17, major Wall Street analysts update their ratings for $Charles Schwab (SCHW.US)$, with price targets ranging from $74 to $87.
Goldman Sachs analyst Alexander Blostein maintains with a hold rating, and adjusts the target price from $67 to $74.
J.P. Morgan analyst Ken Worthington maintains with a buy rating, and adjusts the target price from $86 to $87.
BofA Securities analyst Craig Siegenthaler maintains with a sell rating.
Citi analyst Christopher Allen maintains with a hold rating, and adjusts the target price from $72 to $75.
Barclays analyst Benjamin Budish maintains with a hold rating, and adjusts the target price from $68 to $74.
Furthermore, according to the comprehensive report, the opinions of $Charles Schwab (SCHW.US)$'s main analysts recently are as follows:
Charles Schwab's core deposit balances showed positive movement in the third quarter, and there is an expectation for these deposits to grow in the future. However, a decrease in cash sweep ratios is also anticipated. The organic growth of the company is still underperforming, remaining below 4% which is short of the 5%-7% target for the sixth consecutive quarter. This underperformance is partly ascribed to the integration of Ameritrade's active trader platform, ThinkorSwim, which is considered to be incompatible with Schwab's operational model.
The trend of slowing cash sorting activities is evident, though it is not anticipated that the change observed in September concerning transactional sweep cash will become a consistent pattern. It is noted that the current high cash levels enabled the company to reduce $9B in short-term funding during the quarter. The year 2025 is seen as a period where the company's earnings may normalize more methodically. Furthermore, the narrative surrounding the company's stock is expected to gradually transition towards the medium-term prospects, including growth in wealth management and the launch of a more comprehensive alternatives platform.
Following the Q3 report, it's noted that the company's earnings exceeded expectations by 3%, attributed to surpassing sales forecasts. Additionally, there was an increase in cash balances and advancements in paying down funding. However, it remains uncertain whether this trend in cash balances will persist.
While there are beliefs that the notably strong increase in transactional sweep cash in September may not persist, the broader perspective, assuming stable forward curves, is focused on a more discernible path to balance sheet normalization and a rising earnings per share cycle.
Charles Schwab's Q3 results were better than anticipated, buoyed by notably robust client cash balances. Nevertheless, there are still apprehensions concerning the company's growth in net new assets, net interest margins, and the potential shift in cash trends. The dip in net interest income was somewhat counterbalanced by an increase in asset management revenue.
Here are the latest investment ratings and price targets for $Charles Schwab (SCHW.US)$ from 10 analysts:
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美東時間10月17日，多家華爾街大行更新了$嘉信理財 (SCHW.US)$的評級，目標價介於74美元至87美元。
高盛集團分析師Alexander Blostein維持持有評級，並將目標價從67美元上調至74美元。
摩根大通分析師Ken Worthington維持買入評級，並將目標價從86美元上調至87美元。
美銀證券分析師Craig Siegenthaler維持賣出評級。
花旗分析師Christopher Allen維持持有評級，並將目標價從72美元上調至75美元。
巴克萊銀行分析師Benjamin Budish維持持有評級，並將目標價從68美元上調至74美元。
此外，綜合報道，$嘉信理財 (SCHW.US)$近期主要分析師觀點如下：
嘉信理財的核心存款餘額在第三季度顯示出正面變化，預計這些存款將來會增長。然而，現金橫掃比率下降也在預期之內。公司的有機增長仍然表現不佳，仍低於連續第六個季度的5%-7%的目標，目前仍低於4%。這種表現不佳部分歸因於對Ameritrade的活躍交易平台ThinkorSwim的整合，後者被認爲與Schwab的運營模式不兼容。
儘管減緩現金分類活動的趨勢明顯，但不預計9月份關於交易橫掃現金的變化將成爲一種持續的模式。目前高現金水平使該公司在本季度減少了90億美元的短期融資。2025年被視爲公司收益可能更有條理地回歸正常的時期。此外，圍繞公司股票的敘事預計將逐漸轉向中期前景，包括财富管理的增長和更全面的替代平台的推出。
根據第三季度報告，公司的收益超出預期3%，歸因於超過銷售預測。此外，現金餘額增加，並且還有償還融資方面的進展。然而，尚不確定現金餘額增長趨勢是否會持續。
雖然有人認爲9月份交易橫掃現金顯著增加的趨勢可能不會持續，但從更廣泛的視角來看，假設前瞻曲線穩定，重點放在更能看清資產負債表正常化路徑和上升的每股收益循環上。
嘉信理財的第三季度業績優於預期，得益於顯著強勁的客戶現金餘額。然而，對公司在淨新資產、淨利差和現金趨勢可能轉變方面仍存在擔憂。淨利息收入的下降在一定程度上被資產管理營業收入的增加抵消。
以下爲今日10位分析師對$嘉信理財 (SCHW.US)$的最新投資評級及目標價：
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