On Wednesday, Goldman Sachs maintained a Neutral rating on Charles Schwab Corporation (NYSE:) shares with a consistent price target of $74.00. The decision follows a review of the company’s third-quarter financial results for 2024, which led to an adjustment in estimates due to slightly higher sweep deposit balances and recent forward interest rates.

Charles Schwab’s September balances saw a temporary increase, attributed to seasonal selling, which has not yet been reinvested, potentially posing a challenge for October. The company also experienced organic cash growth from net new assets (NNA). Despite withdrawing the 3% net interest margin (NIM) guidance for the end of 2025, management remains positive about NIM improvements aligned…