The Charles Schwab Reports Solid Q3 Results

The Charles Schwab Corporation (NYSE:SCHW) shares were trading more than 2% higher Tuesday afternoon following the company’s reported Q3 results, with EPS of $1.10 coming in better than the Street estimate of $1.05. Revenue was $5.5 billion, compared to the Street estimate of $5.42 billion.

Analysts at Deutsche Bank view the results overall as being quite solid, and see the 2% stock selloff yesterday on cash sorting fears, as being overblown. The analysts view the selloff as a buying opportunity and reiterate their Buy rating on the company.