Keefe Bruyette & Woods Comments on Charles Schwab

Keefe, Bruyette & Woods has published a research report on Charles Schwab & Co. SCHW In the report, Keefe, Bruyette & Woods wrote, "SCHW reported 2Q11 EPS of $0.20, beating our expectations and consensus. Revenues were above our estimate by 2.3%, primarily on higher net interest income and better than anticipated trading revenues. We are raising our 2011 EPS estimate and lowering our price target to $18. Maintain Market Perform rating." Keefe, Bruyette & Woods rated Charles Schwab a Market Perform with a price target of $18.00.