Charles Schwab Gets a Buy Rating from Credit Suisse

By Austin Angelo

Credit Suisse analyst Craig Siegenthaler maintained a Buy rating on Charles Schwab (NYSE: SCHW) today and set a price target of $62. The company’s shares closed yesterday at $53.08.

According to, Siegenthaler is a 4-star analyst with an average return of 7.5% and a 63.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Raymond James Financial, and Affiliated Managers.

Currently, the analyst consensus on Charles Schwab is Moderate Buy and the average price target is $58.21, representing a 9.7% upside.

In a report issued on April 10, Jefferies also reiterated a Buy rating on the stock with a $64 price target.

Based on Charles Schwab’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.36 billion and quarterly net profit of $597 million. In comparison, last year the company earned revenue of $2.14 billion and had a net profit of $564 million.

Based on the recent corporate insider activity of 170 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCHW in relation to earlier this year. Most recently, in February 2018, Nigel Murtagh, the EVP – Corporate Risk of SCHW sold 15,000 shares for a total of $799,200.

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The Charles Schwab Corp. is a holding company, which engages in the provision of financial services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail and corporate brokerage and retirement plan services.