Charles Schwab shares have been hit by concerns about deposit outflows and the attrition of TD Ameritrade advisors and customers. Those problems may recede, however, argues William Blair analyst Jeff Schmitt. In a research note this week, he recommends buying Schwab stock, which trades at only 13.5 times his 2024 EPS estimate, versus 20 times historically. “Now is a good time to play the potential rebound as the risk/reward dynamic has shifted,” he writes.
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