Wells Fargo & Company Initiates Coverage on Charles Schwab (NYSE:SCHW)

Wells Fargo & Company has initiated coverage on Charles Schwab (NYSE:SCHW) with an "equal weight" rating and a $105.00 price target, suggesting an 8.51% upside. This comes amidst broadly positive analyst sentiment, with a consensus "Moderate Buy" rating, although some firms like Piper Sandler have adjusted their price targets. Charles Schwab recently exceeded quarterly earnings expectations, reporting $1.62 EPS against an anticipated $1.56, and revenues of $7.07 billion.