Charles Schwab stock slips after earnings pop as analysts lift targets
Charles Schwab shares fell 1.3% to $102.71 Friday afternoon after reporting a 19% jump in fourth-quarter net revenue to $6.34 billion and record client assets of $11.90 trillion. Barclays and Jefferies raised their price targets this week following the results. Schwab’s net income reached $2.46 billion, or $1.33 per share. Trading volume topped 5 million shares.