Piper Sandler raised its price target for Charles Schwab to $105, citing potential revenue upside from net interest margin improvement. The company reported a net income of $2.48 billion and record revenue of $6.48 billion for Q1 2026. Schwab also announced a phased rollout of spot crypto trading for Bitcoin and Ethereum to retail clients. On May 22, the company issued $2.25 billion in senior notes to strengthen its balance sheet, bringing its total debt to approximately $59.5 billion.
