The Charles Schwab Corporation

(New York Stock Exchange)
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Somewhat Bullish +50

Charles Schwab Stock: Analyst Estimates & Ratings

Analyst downgrade Earnings report AI-generated analysis

πŸ“ˆ SCHW reported record Q3 net revenue of $7.17 billion, up 16.9% year-over-year.

πŸ’° Adjusted net income surged 23% to $3.02 billion with diluted EPS rising 29% to $1.69.

🏦 Core net new assets hit a record $190.4 billion, representing a 38% year-over-year increase.

πŸ“Š Total client assets grew 15% to $13.33 trillion as the firm added 1.2 million new brokerage accounts.

πŸ“‰ Daily average trading volume climbed 44% to 10.7 million trades during the quarter.

πŸ” Net interest margin expanded to 3.1%, up from 2.9% in the year-ago quarter.

πŸ“‰ Shares fell 2.7% on Oct. 15 as revenue narrowly missed analyst estimates despite earnings beats.

🎯 The consensus analyst rating is 'Moderate Buy' with a mean price target of $115.62.

⚠️ Management indicated full-year 2026 revenue and margin growth will likely finish at the lower end of guidance.

πŸ“‰ Analyst configuration has become more bearish recently, dropping from 14 'Strong Buys' to 13.

Bullish Signals
  • SCHW reported record quarterly core net new assets of $190.4 billion, a 38% year-over-year increase.
  • Total client assets increased 15% to $13.33 trillion, demonstrating strong asset gathering.
  • The company added 1.2 million new brokerage accounts in Q3, bringing total accounts to 48.6 million.
  • Daily average trading volume climbed 44% to 10.7 million trades, indicating robust platform usage.
  • Net interest margin expanded to 3.1%, up from 2.9% in the year-ago quarter.
  • Adjusted net income climbed 23% to $3.02 billion while adjusted diluted EPS rose 29%.
  • The company repurchased 4.7 million shares for $500 million during the quarter.
Risk Factors
  • Shares fell 2.7% on Oct. 15 as revenue narrowly missed analyst estimates despite earnings beats.
  • Management indicated full-year 2026 revenue and net interest margin growth will likely finish toward the lower ends of previously issued guidance ranges.
  • The analyst configuration has become more bearish than two months ago, with 'Strong Buy' recommendations dropping from 14 to 13.
Full Analysis
Charles Schwab Corporation (SCHW) reported its Q3 2026 results on October 15, with shares falling 2.7% despite adjusted earnings beating expectations. Net revenue rose 16.9% year-over-year to a record $7.17 billion, driven by 14% growth in net interest revenue and asset management fees. Trading revenue also increased 16% to $1.16 billion, while adjusted net income climbed 23% to $3.02 billion. The company achieved record quarterly core net new assets of $190.4 billion, a 38% increase year-over-year, pushing total client assets to $13.33 trillion. Client engagement remained strong with 1.2 million new brokerage accounts opened and daily average trading volume surging 44%. Net interest margin expanded to 3.1%, though management indicated full-year growth would likely finish at the lower end of previous guidance ranges. Analysts maintain a consensus 'Moderate Buy' rating on SCHW, with the mean price target of $115.62 implying 23.8% upside from current levels. The company has beaten earnings estimates for four consecutive quarters, though the analyst configuration has shifted slightly more bearish recently compared to two months ago.