Truist has raised its price target on Charles Schwab (SCHW) to $91 from $90 while maintaining a Buy rating. The update follows TD Bank’s (TD) announcement of selling its approximately 10% stake in Schwab, with the company participating in the secondary offering by repurchasing $1.5 billion worth of shares—about 1% of its market cap. This buyback exceeds the previously estimated $750 million for Q1. As a result, the analyst has increased Schwab’s 2025 EPS forecast by 1% to $4.05 and its 2026 EPS estimate by 1% to $5.05.