Goldman downgrades Charles Schwab, says upside is limited after retail trading boom

A pedestrian passes in front of a Charles Schwab Corp. office building in New York.
Gabriella Angotti-Jones | Bloomberg | Getty Images

Investors should back away from Charles Schwab in the near term after a surge in customer trading activity helped to push the stock close to its fair value, according to Goldman Sachs.

More In Street Calls

CNBC ProGoldman Sachs analysts reveal the most attractive stocks on Wall Street following earnings
CNBC ProSell Paramount as macro challenges mount, JPMorgan says
CNBC ProHere are Friday's biggest analyst calls: Apple, Meta, Sunrun, Chevron, Lowe's, Twilio & more