Charles Schwab (NYSE:SCHW) EPS Estimate Raised on Short-Term Rates

Charles Schwab (NYSE:SCHW) had its 2011 EPS estimate boosted by UBS (NYSE:UBS), citing short-term rates.

UBS says, "We are raising our FY11 EPS estimate to $0.86 from $0.82, primarily driven by a more positive outlook on near-term rates, but also to reflect strong growth in customer assets, continued expansion of SCHW’s balance sheet, and an expected pick-up in retail trading activity. We will look to the company’s upcoming investor day in February to fine-tune assumptions further, which could represent a catalyst."

UBS reiterates a "Buy" rating on Charles Schwab (SCHW), which was trading at $18.50, down $0.37, or 1.96 percent, as of 12:35 PM EST. UBS raised their price target on Schwab from $18 to $22.