Performance is slowing as Truist raises its target for Charles Schwab price

Charles Schwab Corporation (NYSE:Schw) rank between Best stocks to buy according to hedge funds. Truist Securities maintained its purchase rating for Charles Schwab Corporation (NYSE: SCHW) and raised its price target from $97 to $100 on June 16th. The adjustments showed some slowdown following Charles Schwab’s May data release, followed by impressive performances in the first four months of 2025.

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Compared to April, Charles Schwab Corporation (NYSE: SCHW) reported a decline in trading volume, slow seasonal net assets, and a low cash mix. That said, Truist pointed out that despite these slowdowns, the company’s foundations are well maintained, with daily average trading above 7 million, with a net worth growth of around 5%.

Following the data release, shares in Charles Schwab Corporation (NYSE: SCHW) fell approximately 2% on the morning of June 16th. The truist said this was the second monthly report this year that the company’s stocks followed a wider market.

Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides commercial banking, asset management and asset management solutions in the US and internationally.

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read more: 10 Best Magic Formula Stocks of 2025 and Best Retirement Stocks to Buy According to Hedge Funds

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