SCHW - Charles Schwab's Near-Term Hurdles Expected To Fade Brighter 2024/2025 Horizon Anticipated: Analysts | Benzinga
Yesterday, Charles Schwab Corp (NYSE: SCHW) reported a Q3 net revenue decline of 16% Y/Y to $4.61 billion, missing the consensus estimate of $4.63 billion. Adjusted EPS of $0.77 beat the analyst consensus of $0.75.
Analysts from JMP Securities, Keefe, Bruyette & Woods (KBW), and Raymond James gave their opinions of the results.
JMP Securities analyst Devin Ryan maintained a Market Outperform rating and a $77 price target.
The company’s outlook commentary was broadly consistent with the outlook it provided with second-quarter results, which the analyst views positively.
Consolidated and bank-adjusted Tier 1 leverage (adjusted for AOCI) increased to 4.1% and 4.4%, from 3.7% and 4%, respectively, with bank spot Tier 1 leverage at 4.6% at quarter end, regulatory consolidated Tier 1 leverage is already well above target at 8.2%, ...