Schwab Stock Has Been Battered. This Analyst Says It’s Time to Play the Rebound.

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After a rough 2023, Charles Schwab’s earnings may be poised to rebound meaningfully over the next two years as the company’s current woes recede into the rearview mirror, according to William Blair analyst Jeff Schmitt. He penned a research note on Tuesday arguing “now is a good time to play the potential rebound as the risk/reward dynamic has shifted.”

Shares of Schwab (ticker: SCHW) were down modestly Tuesday, in line with the broader market, as investors apparently shrugged off Schmitt’s positive take. The stock took a…

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