Charles Schwab Analysts Increase Their Forecasts After Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected Q2 results with net revenues of $4.66 billion, beating the consensus of $4.61 billion. Adjusted EPS was $0.75, exceeding the consensus of $0.71. Following the earnings announcement, analysts from Raymond James, Barclays, and JMP Securities raised their price targets on Charles Schwab.
July 19, 2023 | 12:10 pm
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POSITIVE IMPACT
Charles Schwab's better-than-expected Q2 results led to a positive response from the market and analysts, with the stock gaining 12.6% and price targets being raised by Raymond James, Barclays, and JMP Securities.
Charles Schwab's Q2 results exceeded expectations, which is a positive signal for investors. This led to a significant increase in the stock price and raised price targets from analysts, indicating a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100