Charles Schwab seen as a buy despite AI fears, with strong earnings and growth prospects.

Charles Schwab is rated a "Buy" as fears over AI disruption are considered overstated, creating an attractive entry point. The company benefits from higher market levels, stable client cash balances, elevated volatility, and sustained higher interest rates, which support earnings per share growth and margin expansion. Cost efficiencies and portfolio reinvestment help mitigate potential long-term risks to earnings from AI. With a strong balance sheet, ongoing share buybacks, and expected long-term growth of 8%-10%, Charles Schwab is positioned for double-digit total returns and a fair value above $105.