Schwab upgraded at Raymond James

|By:, SA News Editor

Schwab (SCHW) is higher by 0.4% in premarket action after Raymond James pulls the plug on its Underperform rating, upgrading to Market Perform on hopes of boosted earnings after the Fed begins to lift the Fed Funds rate.

Schwab for several years has been waiving fees on its money-market funds to avoid its customers having to pay money to park cash.