JP Morgan Maintains Charles Schwab Corp to Overweight with Price Target $34.00

Brokerage firm JP Morgan Maintains its rating on Charles Schwab Corp(NYSE:SCHW). In a research note issued to the investors, the brokerage major Lowers the price-target to $34.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Apr 14, 2016.

In a different note, On Apr 4, 2016, Nomura said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Buy’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Charles Schwab Corp, according to a research note issued on Mar 23, 2016. The shares have been rated ‘Neutral’ by the firm. Argus Research said it Initiates Coverage on Charles Schwab Corp, according to a research note issued on Mar 23, 2016. The shares have been rated ‘Buy’ by the firm. On Mar 17, 2016, Deutsche Bank said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 19, 2016, Barclays said it Maintains its rating on Charles Schwab Corp. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 16, 2016, CLSA said it Upgrades its rating on Charles Schwab Corp. The shares have been rated ‘Outperform’ by the firm.

Charles Schwab Corp (SCHW) made into the market gainers list on Mondays trading session with the shares advancing 1.12% or 0.32 points. Due to strong positive momentum, the stock ended at $28.85, which is also near the day’s high of $28.89. The stock began the session at $28.43 and the volume stood at 55,55,506 shares. The 52-week high of the shares is $35.72 and the 52 week low is $21.51. The company has a current market capitalization of $38,097 M and it has 1,32,05,22,900 shares in outstanding.

Charles Schwab Corp(SCHW) last announced its earnings results on Jan 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.69B. Analysts had an estimated revenue of $1.61B. Earnings per share were $0.24. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Jan 21, 2016, William S Haraf (director) purchased 4,000 shares at $25.44 per share price.Also, On Dec 7, 2015, Bernard J. Clark (EVP – Advisor Services) sold 25,987 shares at $34.50 per share price.On Nov 13, 2015, Nigel J Murtagh (EVP – Corporate Risk) sold 2,500 shares at $33.55 per share price, according to the Form-4 filing with the securities and exchange commission.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries the Company engages in wealth management securities brokerage banking money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial trading and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals’ varying investment and financial needs. Its product offerings include brokerage mutual funds exchange-traded funds (ETFs) advice solutions banking and trust.

Leave a Reply

Charles Schwab Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Charles Schwab Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.