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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InCharles Schwab (SCHW) reported a robust first quarter with net income of $2.48 billion and $139.9 billion in net new assets. In a significant boost to investor sentiment, both Deutsche Bank and JPMorgan simultaneously raised their price targets for the stock, joining BofA Securities which increased its target to $92. While Morgan Stanley lowered its target to $125, it maintained an Overweight rating, reflecting continued confidence in the firm's trajectory. To enhance its competitive position against rivals like Robinhood, Schwab strategically launched a spot crypto trading service. On the banking side, BofA remains bullish on KeyCorp (KEY), raising its price target to $25 following strong loan growth. These updates highlight a growing consensus among major Wall Street institutions regarding Schwab's strategic expansion and resilience.