TD Cowen Lifts The Charles Schwab Corporation (SCHW) Price Target on Robust Q3 Revenue and Earnings Growth

Core Insights - Charles Schwab Corporation (NYSE:SCHW) is highlighted as a stock with significant upside potential, supported by a 'Buy' rating from TD Cowen, which raised the price target to $134 from $129 [1][2] Financial Performance - In the third quarter, Charles Schwab reported a revenue increase of 27% year over year, reaching $6.1 billion, while net income surged by 70% to $2.4 billion, equating to $1.31 per share [2] - The strong financial results reflect effective management execution, flexibility in the balance sheet, and a reduced perception of risk [2] Future Projections - TD Cowen anticipates that Charles Schwab will achieve a return on tangible equity of 38% in 2026 and 40% in 2027, indicating strong future performance [3] Company Overview - Charles Schwab Corporation is a financial services company offering a variety of brokerage, banking, and financial advisory services to both individuals and institutions, including brokerage accounts, investment products, financial planning, deposits, and lending [4]