BMO Downgrades Charles Schwab to Market Perform Following Stock Rally
BMO Capital Markets downgraded its rating on Charles Schwab (SCHW) from Outperform to Market Perform after the stock rose approximately 20%, citing a balanced risk/reward profile. The downgrade is not due to concerns about AI-enabled cash optimization, which has yet to impact current results.
Topics: analyst upgrade/downgrade Charles Schwab stock rating