Charles Schwab: Deutsche Bank Maintains Buy Rating, Raises PT to $120.

Charles Schwab: Deutsche Bank Maintains Buy Rating, Raises PT to $120.

On September 12, 2025, Deutsche Bank analysts maintained their "Buy" rating for Charles Schwab (NYSE:SCHW) while raising the price target to $120. The upgrade comes on the heels of Schwab's strong third-quarter performance, which exceeded market expectations.

According to Deutsche Bank, Schwab's earnings beat was driven primarily by its robust asset management business, which benefited from higher net new assets and strong client inflows. The brokerage also highlighted Schwab's continued focus on digital transformation and innovation, noting that these efforts have contributed to the company's competitive advantage in the industry.

Additionally, Deutsche Bank cited Schwab's strong balance sheet and capital position as key factors supporting the "Buy" rating. The analysts noted that Schwab's liquidity and capital levels provide a solid foundation for future growth and investment opportunities.

Looking ahead, Deutsche Bank identified several potential catalysts for Schwab, including the continued growth of its asset management business, the potential expansion of its digital services, and the company's ongoing efforts to drive operational efficiency. The analysts also noted that Schwab's strong brand and market position make it well-positioned to capitalize on any market opportunities that may arise.

Despite the positive outlook, Deutsche Bank acknowledged that Schwab faces several risks, including potential regulatory changes, market volatility, and competitive pressures. The analysts emphasized that these risks should be carefully monitored, but they do not significantly impact the overall investment thesis.

In conclusion, Deutsche Bank's upgrade and price target increase for Charles Schwab reflect the brokerage's positive view on the company's recent performance and future prospects. The analysts' confidence in Schwab's ability to execute on its strategic initiatives and capitalize on market opportunities supports the "Buy" rating and the new price target of $120.