Charles Schwab stock holds steady as Truist reiterates Buy rating

Investing.com - Truist Securities has reiterated its Buy rating and $112.00 price target on Charles Schwab Corp. (NYSE:SCHW) following the company’s August monthly data release. According to InvestingPro data, analysts’ targets range from $84 to $131, with the stock currently trading near $92, suggesting potential upside. The company maintains a perfect Piotroski Score of 9, indicating strong financial health.

The brokerage firm noted that Schwab reported 5% core net new asset (NNA) growth for August, which represents the second strongest seasonally adjusted growth in four months, despite slowing from July’s performance.

Cash mix at the financial services company declined for the fifth consecutive month, a trend that analysts are monitoring as it impacts the company’s interest-earning potential.

Schwab stock traded relatively flat in early trading hours, underperforming the broader market by approximately 50 basis points, while other brokers showed mixed performance within a 1% trading range.

Truist Securities indicated that while a declining interest rate outlook has pressured Schwab’s stock over the past month, the August results were "good enough to keep investors positive."

In other recent news, Charles Schwab Corporation reported $44.4 billion in core net new assets for August 2025, marking a 35% increase compared to the same month last year. The company’s total client assets reached $11.23 trillion at the end of August, reflecting a 15% increase from the previous year. In July 2025, Charles Schwab attracted a record $46.9 billion in core net new assets, a 62% rise from the prior year, with total client assets reaching $10.96 trillion. Truist Securities raised its price target for Charles Schwab to $112, maintaining a Buy rating, citing strong growth in net new assets. Additionally, TD Cowen increased its price target to $129 following the announcement of a new $20 billion share repurchase program. This new buyback authorization replaces a previous $15 billion program. Charles Schwab also declared a regular quarterly cash dividend of $0.27 per common share, payable on August 22. These developments highlight significant financial activities and strategic moves by the company.

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