** U.S. brokerage firm Charles Schwab SCHW.N beat third-quarter profit expectations on Thursday as client assets hit a record high and trading revenue soared
** Median PT of 23 brokerages covering the stock is $112, with an average "buy" rating - LSEG data
"WELL POSITIONED FOR INDUSTRY-LEADING GROWTH"
** J.P.Morgan ("overweight," PT: $121) says co's balance sheet continues to normalize in a positive direction, with portfolio re-pricing and asset growth expected to support net interest margin expansion, even amid falling short-term rates, further underpinning earnings
** William Blair ("outperform") says inflecting client cash, accelerating net yields, expense discipline, and capital return will drive earnings growth of 40%-plus in 2025 and mid-teens in 2026 and 2027
** Citizens ("market outperform," PT: $110) says with the balance sheet remixing and other offsets to falling interest rates, the company is well-positioned to withstand Fed cuts, and even deliver strong NIM (net interest margin) expansion and NII (net interest income) growth
** Jefferies ("buy," PT: $114) says "we believe SCHW is well positioned for industry-leading growth"
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com))