1. Charles Schwab receives a Buy rating with a $111 price target due to resilient earnings and platform strength in a high-rate environment; 2. Key drivers include net interest income advantages, disciplined cost management, and core asset growth, leading to superior EPS growth and margins; 3. Valuation uses a risk-adjusted 22x forward P/E, balancing premium positioning with mean-reversion risks, while acknowledging potential risks like Fed rate cuts or deposit attrition.