Charles Schwab Corporation, trading under the symbol SCHW on the NYSE, is a leading financial services company. It offers a range of services including brokerage, banking, and financial advisory. The company competes with other financial giants like Fidelity and TD Ameritrade. Recently, Patrick O'Shaughnessy from Raymond James set a new price target for SCHW at $114, indicating a potential increase of 9.59% from its current price of $104.02.

As of today, SCHW is trading at $104.08, reflecting a 2.47% increase, or $2.51, from the previous day. The stock has experienced a trading range between $101.74 and $104.43, with the latter being its highest price over the past year. This upward movement aligns with the optimistic price target set by Raymond James, suggesting positive investor sentiment.

Charles Schwab's market capitalization is approximately $189.31 billion, supported by a trading volume of 5,631,028 shares. This substantial market cap indicates the company's strong position in the financial sector. Despite a yearly low of $65.88, the stock's current performance shows resilience and potential for growth, as highlighted by the new price target.

Liz Ann Sonders, the chief investment strategist at Charles Schwab, discussed on CNBC's "Power Lunch" the potential for a significant decline in oil prices in late 2026 into 2027. This insight could influence market dynamics and investor strategies. Additionally, the market's reaction to recent U.S. military action in Venezuela was addressed, which could also impact stock performance.

Investors are advised to consider these factors when navigating the market in 2026. The setup for stocks, as discussed by Sonders, may present opportunities or challenges depending on how these events unfold. With the new price target and current market conditions, Charles Schwab remains a stock to watch closely.