According to UBS, the stock market is turbulent, but brokerage firm Charles Schwab could be the harbinger of the storm for investors. Analyst Brennan Hawken has upgraded Charles Schwab to buy from neutral, saying in a note to clients Monday that the stock has “reflected on the flip side of issues such as the ability to terminate payments to order lines and Schwab “is well insulated from credit and market risks.” “SCHW’s business model is the least sensitive of the WM companies in our coverage, with EPS down just -2% compared to the group average of -11%,” Hawken writes. , under assuming -15% equity market return for fiscal year 22″. Also, the Federal Reserve is currently raising interest rates, which could be a profit booster for brokerages. “If persistent inflation prevents the Fed from moving back to ZIRP after it begins to cut rates, we think both earnings and SCHW multiples will outperform past downturns,” Hawken wrote. . UBS also notes that Schwab has been trading near a bottom earnings multiple since the previous market cycle, meaning the stock is likely to bounce back. UBS raised its price target for Charles Schwab to $75 per share from $68. The new target is 25% higher when the stock closes on Friday. – Michael Bloom of CNBC contributed to this report.