JPMorgan buys the dip in Schwab

• Schwab (NYSE:SCHW) has been more punished than E*Trade and TD Ameritrade over the past five weeks, falling 16.6%, roughly 500 basis points worse than the other two.
• JPMorgan spots value and upgrades to Overweight from Neutral. The $39 price target is 34% above last Friday's close.