The Charles Schwab Corporation

(New York Stock Exchange)
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Bullish +72

Barclays keeps Buy rating for Charles Schwab stock at USD 118 target

Acquisition Analyst upgrade AI-generated analysis

πŸ“ˆ Barclays maintains a Buy rating for Charles Schwab with a USD 118.00 price target following recent strategic moves.

πŸ’° Schwab agreed to sell Forge Trust and its parent to Alto, creating a platform with over USD 20.0 billion in assets.

πŸ“Š Second-quarter revenue reached USD 7.07 billion, beating the consensus estimate of USD 6.90 billion by approximately 3.5%.

πŸ’Ή Adjusted earnings per share for Q2 were USD 1.62, surpassing the expected USD 1.56 per share.

🏦 The Forge Trust sale separates specialized custody operations while retaining private-market infrastructure exposure via Forge Global.

πŸ“‰ Stock traded at EUR 86.88 on October 9, 2026, up 0.68% versus the prior close of EUR 86.29.

πŸ“… The company is scheduled to report third-quarter results before the market open on October 15, 2026.

Bullish Signals
  • Barclays maintains a Buy rating with a USD 118.00 price target for Charles Schwab stock.
  • Second-quarter revenue of USD 7.07 billion exceeded the consensus estimate of USD 6.90 billion.
  • Adjusted earnings per share of USD 1.62 beat the expected USD 1.56, demonstrating strong profitability.
  • The sale of Forge Trust creates a combined platform with over USD 20.0 billion in assets under custody.
Full Analysis
Barclays maintained its Buy rating for Charles Schwab, setting a price target of USD 118.00 on October 7, 2026. This analyst action follows the company's strategic agreement to sell Forge Trust and its parent entity to Alto on October 6, 2026. The transaction is expected to create a combined platform with over USD 20.0 billion in assets under custody and administration. Schwab recently reported strong second-quarter financial results, beating consensus estimates significantly. The company posted revenue of USD 7.07 billion against a consensus of USD 6.90 billion and adjusted earnings per share of USD 1.62 versus the expected USD 1.56. These figures highlight Schwab's robust performance in its core brokerage and banking model. The sale of Forge Trust represents a strategic shift to separate specialized custody operations while preserving broader exposure to private-market infrastructure through its existing acquisition, Forge Global. The deal establishes a platform with more than 60,000 self-directed individual retirement accounts holding private-market assets and over 3 million custody-as-a-service accounts.