{"id":9006,"date":"2023-05-15T14:18:54","date_gmt":"2023-05-15T18:18:54","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/raymond-james-upgrades-schwab-to-outperform-from-perform\/"},"modified":"2023-05-15T14:18:55","modified_gmt":"2023-05-15T18:18:55","slug":"raymond-james-upgrades-schwab-to-outperform-from-perform","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9006","title":{"rendered":"Raymond James upgrades Schwab to outperform from perform"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002053630\" role=\"document\">\n<p>Raymond James on Monday upgraded financial firm The Charles Schwab Corp.<br \/>\n        SCHW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201281754\/composite\" class=\"positive\">+5.46%<\/bg-quote><br \/>\n       to outperform from market perform, with a price target of $63 a share. Raymond James analyst Patrick O\u2019Shaughnessy said, \u201crecent data indicates that client cash sorting at Schwab is tapering, which should support balance sheet and net interest margin stabilization in the second half of 2023.\u201d  Although the company faces a stricter regulatory regime, the incremental risk to its Schwab\u2019s earnings is likely to be \u201csomewhat\u201d limited, O\u2019Shaughnessy said. Schwab now offers \u201cvery little credit risk and an attractive core growth story that was unaffected by recent macro events,\u201d he said. Schwab\u2019s stock is down 41.2% in 2023, compared to a 7.4% increase by the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.18%<\/bg-quote><span>.<\/span>\n      <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/raymond-james-upgrades-schwab-to-outperform-from-perform-2523f598?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raymond James on Monday upgraded financial firm The Charles Schwab Corp. SCHW, +5.46% to outperform from market perform, with a price target of $63 a share. Raymond James analyst Patrick O\u2019Shaughnessy said, \u201crecent data indicates that client cash sorting at Schwab is tapering, which should support balance sheet and net interest margin stabilization in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-9006","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raymond James upgrades Schwab to outperform from perform | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Raymond James on Monday upgraded financial firm The Charles Schwab Corp. 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