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Investing.com - Citizens JMP analyst raised the price target on Charles Schwab Corp. (NYSE:SCHW) to $110.00 from $106.00 while maintaining a Market Outperform rating. The stock, currently trading near its 52-week high of $97.50, has delivered an impressive 30.29% return year-to-date. According to InvestingPro analysis, the company appears slightly undervalued at current levels.
The price target increase follows Charles Schwab’s second-quarter 2025 earnings report released on Friday, which showed adjusted earnings per share of $1.14, exceeding JMP’s estimate of $1.12 and the consensus estimate of $1.09.
Charles Schwab reported record revenues of $5.85 billion for the quarter, representing 25% year-over-year growth and surpassing JMP’s model by $61 million or 1.1%.
The financial services company demonstrated strong expense control with total core expenses of $2.9 billion, which was $39 million or 1.3% lower than JMP had projected.
These factors combined to produce an adjusted pretax margin just over 50%, which JMP characterized as "quite impressive" in its analysis of the quarterly results.
In other recent news, Charles Schwab Corp (BVMF:SCHW34). reported second-quarter earnings that exceeded analyst expectations, driven by stronger-than-anticipated net interest income and lower operating expenses. The company posted non-GAAP earnings per share of $1.14, surpassing the consensus estimate of $1.10, with total revenues reaching $5.851 billion, which is 2% ahead of Wall Street expectations. Piper Sandler noted that Charles Schwab’s net revenues of $5.85 billion exceeded their estimate by approximately $81 million, while adjusted expenses were about $137 million lower than anticipated. Following these results, Charles Schwab has raised its fiscal year 2025 guidance for both revenue growth and earnings per share. Raymond (NSE:RYMD) James raised its price target on Charles Schwab to $103.00, maintaining an Outperform rating, citing significant net interest margin upside expected by the end of 2025. Citi also increased its price target to $110.00, emphasizing the company’s healthy client engagement and momentum. Piper Sandler adjusted its price target to $96.00, maintaining a Neutral rating, while raising earnings per share estimates for 2025 and 2026. Charles Schwab’s core net new assets showed an annualized growth rate of approximately 5% in June, contributing to an overall positive outlook from analysts.
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