Citi analyst Christopher Allen maintains $Charles Schwab (SCHW.US)$ with a hold rating, and adjusts the target price from $75 to $85.
According to TipRanks data, the analyst has a success rate of 86.1% and a total average return of 29.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Charles Schwab (SCHW.US)$'s main analysts recently are as follows:
The company's October results highlighted ongoing progress in the firm's transactional cash balances, a pivotal element influencing its earnings path in the near to medium term, which saw a $10B increase from the previous quarter. The year-end typically brings numerous seasonal advantages, and there is optimism stemming from the second consecutive month of cash trends surpassing expectations.
The company's deposit balances are showing a significantly positive trend. There has been a notable improvement in the company's rebound in deposits, with substantial increases for two consecutive months. In particular, the company experienced a remarkable increase in October's core deposits from the previous month, following an even more considerable rise in September, marking the most robust two-month deposit trend in the current cycle.
Note:
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