Charles Schwab Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings
1. SCHW exceeded Q2 earnings expectations with $1.14 EPS vs $1.07 consensus. 2. Quarterly sales rose 25% to $5.851 billion, surpassing estimates of $5.651 billion. 3. Trading revenue increased 23% to $952 million due to strong volumes. 4. Over 1 million new brokerage accounts opened, adding $80.3 billion in assets. 5. Analysts raised price targets, with new estimates ranging from $84 to $110.