Charles Schwab v 1. pololetí zvýšila tržby o 18 % na rekordních 13,6 miliardy USD a upravený zisk vzrostl o 41 % na 3,05 USD na akcii. Společnost roste díky expanzi do wealth managementu, bankovnictví, úvěrů, aktivního obchodování a krypta.
Key Takeaways Schwab is expanding beyond brokerage into wealth management, banking, lending, active trading and crypto.First-half revenues rose 18% to a record $13.6B, while adjusted earnings climbed 41% to $3.05 per share.Schwab trades at 7.73X tangible book, above the 3.32X industry average, as earnings prospects improve. Charles Schwab (SCHW - Free Report) is expanding beyond traditional brokerage services into wealth management, banking, lending, active trading and digital assets. Given the company’s large client base, this strategy could support growth through deeper client relationships and cross-selling without requiring proportionate increases in customer acquisition costs.
At the end of July 2026, Schwab had $13.04 trillion in total client assets, 39.9 million active brokerage accounts, 5.9 million workplace plan participant accounts and 2.4 million banking accounts. Core net new assets of $58.1 billion in July increased 24% year over year, highlighting continued organic asset-gathering strength.
1H26 Select Highlights
Image Source: The Charles Schwab Corporation
SCHW’s Broader Investment Offerings to Boost EngagementSchwab continues to strengthen its investment and active-trading platform, offering equities, ETFs, mutual funds, fixed income, options and futures, along with advanced capabilities through thinkorswim.
In May 2026, Schwab expanded into digital assets by launching Schwab Crypto, providing retail clients direct access to Bitcoin and Ethereum trading. In the coming months, the company plans to add three more tokens – Solana, Avalanche and Chainlink – to the Schwab Crypto platform. It has also introduced Portfolio Insights, a generative AI-powered tool designed to help investors better understand portfolio performance.
Trading engagement remains strong. Daily average trades reached 10.9 million in the first half, up 46% year over year, while trading revenues increased 24% to $2.3 billion. Continued product innovation could help Schwab capture more client activity and strengthen its appeal among active and younger investors.
Schwab’s Wealth Management Offers Recurring Revenue PotentialSchwab is also deepening its wealth management capabilities. First-half net flows into Managed Investing Solutions increased almost 50% year over year.
Asset management and administration fees rose 16% to $3.6 billion, supported by organic asset growth and greater adoption of managed solutions. Higher advisory penetration is expected to generate more recurring, asset-based revenues and reduce Schwab’s dependence on trading activity.
Banking and Lending to Increase SCHW’s Wallet ShareSchwab’s banking and lending expansion provides another avenue for growth. Bank loan balances reached $67 billion as of June 30, 2026, up 33% year over year, while Pledged Asset Line balances surged 59% to $33.4 billion.
Bank Lending Balances (EOP)
Image Source: The Charles Schwab Corporation
As such, bank deposit account fee revenues grew 28% year over year to $628 million in the first six months of 2026. By combining investing, advisory, liquidity and borrowing solutions, Schwab can potentially capture a larger share of clients’ financial activity while improving retention and increasing switching costs.
Diversification Strengthens Schwab’s Revenue MixThe benefits are already visible. First-half revenues rose 18% year over year to a record $13.6 billion, driven by higher net interest revenue, asset management and administration fees, and trading revenue. Hence, adjusted earnings climbed 41% to $3.05 per share.
A broader revenue base is expected to help offset Schwab’s sensitivity to interest rates, client cash allocation and trading volumes. Its scale also provides an advantage, as new products can be distributed across tens of millions of existing accounts. Driven by these factors, the Zacks Consensus Estimate for sales for 2026 and 2027 implies year-over-year growth of 18.3% and 12.1%, respectively.
Sales Estimates
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Still, competition, technology and compliance costs, market volatility and uncertain monetization of newer offerings such as crypto remain major risks.
How to Approach Schwab Stock Now?So far this year, shares of Schwab have gained 8.4%, trailing the industry’s 10.9% rally. Over the same period, Interactive Brokers (IBKR - Free Report) has surged 40.5%, while Robinhood Markets (HOOD - Free Report) has declined 8.5%.
YTD Price Performance
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From a valuation standpoint, Schwab appears relatively expensive compared with the industry. The stock is currently trading at a price-to-tangible book (P/TB) multiple of 7.73X, well above the industry average of 3.32X.
P/TB TTM
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Among its peers, Interactive Brokers trades at a P/TB multiple of 1.83X, while Robinhood trades at 10.75X. Thus, SCHW commands a substantial premium to Interactive Brokers but remains less expensive than Robinhood. Its elevated valuation relative to the broader industry suggests that investors are already pricing in a meaningful portion of Schwab’s growth prospects.
Nevertheless, the earnings outlook remains encouraging. Analysts have raised their earnings estimates for 2026 and 2027 over the past two months. The Zacks Consensus Estimate implies year-over-year earnings growth of 32.7% in 2026 and 21.2% in 2027.
Earnings Estimates
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Schwab’s expanding product ecosystem, strong organic asset gathering, rising adoption of advisory solutions and growing lending activity provide multiple avenues for long-term growth. Its ability to deepen relationships with its massive client base and capture a greater share of clients’ financial activity are expected to support a more diversified revenue mix and sustained earnings expansion.
While the stock’s premium valuation warrants some caution, improving earnings prospects and continued momentum across its businesses support a favorable investment case. Therefore, investors seeking exposure to a large-scale brokerage and wealth management franchise can consider adding Schwab shares to their portfolios.
At present, SCHW carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bank of Nova Scotia ve 2. čtvrtletí koupila nový podíl v Charles Schwab za zhruba 3,78 mil. USD. Firma zároveň oznámila čtvrtletní dividendu 0,32 USD na akcii.
Bank of Nova Scotia purchased a new stake in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,667 shares of the financial services provider’s stock, valued at approximately $3,780,000.
Other large investors also recently bought and sold shares of the company. State Street Corp increased its holdings in Charles Schwab by 1.0% in the 3rd quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock worth $6,984,231,000 after acquiring an additional 691,671 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Charles Schwab by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock valued at $3,747,646,000 after purchasing an additional 98,242 shares during the period. Franklin Resources Inc. increased its stake in shares of Charles Schwab by 0.3% during the fourth quarter. Franklin Resources Inc. now owns 30,184,369 shares of the financial services provider’s stock worth $3,015,720,000 after purchasing an additional 78,020 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of Charles Schwab by 9.7% during the fourth quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock worth $2,325,512,000 after purchasing an additional 2,066,884 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Charles Schwab by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 21,818,514 shares of the financial services provider’s stock worth $2,179,888,000 after purchasing an additional 171,926 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several equities research analysts have commented on SCHW shares. TD Cowen boosted their price objective on Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. UBS Group set a $135.00 target price on Charles Schwab in a research report on Monday, August 3rd. Morgan Stanley lifted their price target on Charles Schwab from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Argus lifted their price target on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research reiterated an “outperform” rating and set a $127.00 price target on shares of Charles Schwab in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.17.
Check Out Our Latest Analysis on SCHW Insider Buying and Selling In related news, insider Nigel J. Murtagh sold 32,947 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $104.01, for a total value of $3,426,817.47. Following the transaction, the insider owned 57,972 shares in the company, valued at $6,029,667.72. The trade was a 36.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $107.15, for a total value of $563,930.45. Following the completion of the transaction, the director directly owned 91,711 shares in the company, valued at approximately $9,826,833.65. The trade was a 5.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 398,984 shares of company stock valued at $41,699,569 over the last ninety days. Company insiders own 6.30% of the company’s stock.
Charles Schwab Stock Performance Shares of Charles Schwab stock opened at $112.43 on Wednesday. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $114.53. The business’s fifty day simple moving average is $102.42 and its 200-day simple moving average is $96.22. The firm has a market cap of $194.43 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52.
Charles Schwab (NYSE:SCHW – Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to the consensus estimate of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. Equities analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current year.
Charles Schwab Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 14th. Charles Schwab’s payout ratio is currently 23.27%.
Charles Schwab Profile (Free Report)
Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.
See Also Five stocks we like better than Charles Schwab Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Corporation (NYSE:SCHW – Free Report).
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Vanguard se dohodl na akvizici Altruist, což může zvýšit tlak na Schwab na trhu RIA custody. Altruist má přes 6 000 nezávislých poradců, zatímco Schwab obsluhuje asi 16 000 poradenských firem.
Key Takeaways Schwab faces tougher RIA custody competition after Vanguard agreed to acquire Altruist.Schwab served about 16,000 advisory firms and held $5.7 trillion in RIA custodial assets as of June 30, 2026.Vanguard's backing could boost Altruist's technology, pricing and appeal to larger advisory firms. Charles Schwab (SCHW - Free Report) is set to face tougher competition in the registered investment advisor (RIA) custody market after Vanguard agreed to acquire Altruist, an AI-forward wealth technology and custody platform. Altruist will remain a standalone business after the deal closes, retaining its leadership, brand and advisor-focused operating model. Vanguard expects its financial strength, investment expertise and reach to accelerate Altruist’s technology and custody capabilities, while giving Vanguard closer access to independent advisors and their clients.
The transaction could intensify pressure on Schwab’s Advisor Services business, the largest RIA custodian by assets. As of June 30, 2026, Schwab served approximately 16,000 advisory firms and held about $5.7 trillion in RIA custodial assets.
Meanwhile, Altruist has been expanding rapidly, with more than 6,000 independent advisors using its platform. The platform integrates self-clearing custody with digital account opening, trading, portfolio management, billing and reporting, while its Hazel AI engine targets workflow efficiency and advisor productivity.
Vanguard’s backing will likely strengthen Altruist’s ability to invest in technology, compete on pricing and attract larger advisory firms. That matters as AI adoption accelerates across the RIA industry. Schwab’s 2026 study found that 63% of advisors were already using AI. The deal may also give Altruist greater credibility with advisors that previously favored established custodians for scale and stability.
Still, Schwab retains significant advantages in assets, advisor relationships, service infrastructure and brand recognition. Thus, the transaction is unlikely to disrupt Schwab’s leadership immediately, but it raises the competitive stakes and could require faster technology investment and sharper pricing to protect market share.
How are SCHW’s Peers Faring in Terms of Product Innovation?Schwab’s key competitors, Interactive Brokers Group (IBKR - Free Report) and Robinhood Markets, Inc. (HOOD - Free Report) , have also been rolling out products and services to bolster market share.
Interactive Brokers is broadening its product ecosystem beyond traditional stocks and options by expanding into crypto and crypto futures, prediction markets, AI-enabled trading tools and new international markets. This diversification strengthens client engagement while positioning Interactive Brokers as a multi-asset, global trading platform.
Robinhood is diversifying beyond traditional stock trading through crypto, retirement, credit cards, advisory services, prediction markets and international expansion. This broader ecosystem attracts new customers and assets while increasing platform engagement, creating cross-selling opportunities at Robinhood. This supports higher trading activity across equities, options, futures and digital assets.
Schwab’s Price Performance, Valuation & Estimate AnalysisOver the past six months, Schwab shares have gained 14.6%, underperforming the industry’s growth of 19.3%.
Image Source: Zacks Investment Research
SCHW shares are currently trading at a premium to the industry. The company has a 12-month trailing price-to-tangible book (P/TB) of 7.81X compared with the industry average of 3.33X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Schwab’s 2026 earnings suggests year-over-year growth of 32.7%. Earnings are expected to increase another 21.2% in 2027. In the past month, earnings estimates for 2026 and 2027 have been revised higher to $6.46 and $7.83 per share, respectively.
Image Source: Zacks Investment Research
SCHW currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Schwab just handed 39.9 million account holders a path to trading Solana, Avalanche, and Chainlink, but a listing and a demand event are very different things, and the real price mover that day had nothing to do with Schwab.
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Charles Schwab (NYSE:SCHW | SCHW Price Prediction) said on August 27, 2026 that it will add Solana (CRYPTO:SOL), Avalanche (CRYPTO:AVAX), and Chainlink (CRYPTO:LINK) Solana, Avalanche and Chainlink to its retail crypto trading platform “in the coming months.” None of the three are live yet. Trades on Schwab Crypto will carry a fee of 75 basis points, or 0.75% of the dollar value of each trade, a basis point being one hundredth of a percentage point. SOL changed hands at $106.4 as of 14:43 UTC on August 28, 2026. Shares of Schwab traded at $109.33, up 1.18% on the day. So a major brokerage is opening a door. The question is how many of it’s users will walk through that door.
What Schwab Actually Announced Schwab Crypto began rolling out to retail clients in May 2026, offering direct Bitcoin and Ether trading through Schwab’s website, mobile app and thinkorswim. The August announcement extends that shelf to three additional tokens: SOL, AVAX, and LINK. A spot listing is simply the ability for a client to buy or sell the asset outright through the broker; it is not the broker itself buying the token.
The reach sounds enormous. As of July 31, 2026, Schwab held $13.04 trillion in client assets across 39.9 million active brokerage accounts. That is client money Schwab custodies, not Schwab’s own balance sheet. For the firm’s own scale, Schwab reported record second-quarter net revenue of $7.1 billion and net income of $2.8 billion. The 39.9 million account figure also is not the addressable base for crypto. Schwab Crypto is available in all US states except New York and Louisiana, is not offered in US territories or internationally, and runs through Charles Schwab Premier Bank, with affiliated brokerage Charles Schwab & Co. performing certain operational functions on the bank’s behalf. A resident of Manhattan with a Schwab account cannot use it.
CEO Rick Wurster, describing the broader business on the Q2 call, said “Schwab’s leading value proposition continued to resonate in 2Q26, as investors opened 1.4 million new brokerage accounts and brought $120 billion in core net new assets to the firm.” The quote is about accounts and assets. It does not mention crypto revenue, crypto adoption, or any commitment by Schwab to hold digital assets on its own balance sheet.
Reality Check on Token Demand A listing is a distribution plan, not adoption. Schwab is not buying SOL, not holding SOL, and not committing any client capital to SOL. Clients may use it. They may not. The announcement did not say that any client has requested SOL, did not project trading volumes, did not name a custody counterparty for the new tokens, and did not disclose a timeline beyond “coming months.” Schwab said it plans to add more digital assets over time but did not specify which assets it is considering. Companies that want to advertise token demand say so. Schwab did not.
The competitive backdrop matters. Direct spot crypto access is already available through Coinbase, Kraken, Robinhood, Fidelity and others. Schwab’s 0.75% per-trade fee is a meaningful spread against crypto-native venues that typically charge far less. Schwab is competing on trust, custody, and consolidated statements, not price.
There is also a confounding catalyst on SOL specifically. The same day Schwab announced, Solana held a governance vote on SIMD-0550 and SIMD-0553, proposals to overhaul SOL tokenomics by cutting future emissions and increasing burns. Emissions are newly minted tokens; burns permanently remove tokens from circulation. Coverage of the potential effect varied: CoinDesk on August 4, 2026 reported a proposal to raise daily SOL burns from roughly $47,000 to roughly $650,000; Startup Fortune on August 25, 2026 reported the vote could erase roughly $1.36 billion in future SOL supply; BeInCrypto and investx on August 27, 2026 reported roughly $1.5 billion in future emissions cut. These are different outlets with different estimates. The tokenomics vote actually changes SOL supply. The Schwab listing does not.
Some outlets reported SOL jumping 13% on August 27 around the joint news, but that appears to describe an intraday move, not a verified daily change. The verified figures tell a more complicated story. SOL is up 17.22% over one week and up 49.27% over one month, but down 11.72% year to date and down 48.77% over the past year. The token is rallying off a much weaker twelve months. AVAX tells a harsher version of the same story, at $7.43 and down 69.8% year over year. LINK sits at $11.84, down 52.47% year over year.
What Schwab Gains, What the Tokens Gain Schwab gains a defensive product line. Trading revenue reached $1.215 billion in Q2 2026, up 28%, and daily average trades hit a record 11.9 million, up 57% year over year. Adding SOL, AVAX and LINK gives active clients a reason not to open a second account at Coinbase or Robinhood. At 75 basis points per trade, incremental crypto volume is high-margin for Schwab, even if daily volumes are modest.
The tokens gain a marketing headline. They do not gain a buyer. Nothing in the announcement obligates a single Schwab client to purchase SOL, AVAX or LINK, and Schwab has not disclosed any principal position of its own. For an investor who already holds SOL, the read is that a US-regulated brokerage broadening spot access is a modest structural positive over years, not a demand event. The tokenomics vote is the near-term supply-side variable worth tracking; the Schwab listing is not.
Falsifiable triggers to watch: whether SIMD-0550 and SIMD-0553 pass and are implemented, when Schwab actually flips SOL, AVAX and LINK live on the platform, and whether Schwab discloses any crypto-specific revenue line or trading volumes in a future earnings release. If Schwab breaks out crypto trading and the number is material, this listing became real. If the tokens go live and the company never mentions them again, the announcement was a checkbox, not a catalyst.
Contact [email protected] for any questions or corrections.
Charles Schwab po poslední výsledkové zprávě přidal asi 10 % za měsíc. Ve 2. čtvrtletí překonal odhady díky rekordním tržbám a zisku na akcii 1,62 USD.
It has been about a month since the last earnings report for The Charles Schwab Corporation (SCHW - Free Report) . Shares have added about 10% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Charles Schwab due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Schwab's Q2 Earnings Beat Estimates on Robust Trading & NIRSchwab’s second-quarter 2026 adjusted earnings of $1.62 per share outpaced the Zacks Consensus Estimate of $1.53. The bottom line soared 42% year over year.
Quarterly results benefited from robust performance of the asset management business and record trading revenues. Higher net interest revenues and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor.
Results excluded transaction-related costs. After considering these, net income (GAAP basis) was $2.8 billion or $1.54 per share, up from $2.13 billion or $1.08 per share in the year-ago quarter.
Revenues Rise to Record Level, Expenses RiseQuarterly net revenues were a record $7.07 billion, jumping 21% year over year. The increase was driven by higher NIR (up 19%), trading revenue (28%), bank deposit account fees (35%) and asset management and administration fees (16%). The top line easily surpassed the Zacks Consensus Estimate of $6.89 billion.
Total non-interest expenses (GAAP basis) increased 12% to $3.4 billion. Excluding non-recurring items, adjusted total expenses were $3.23 billion, up 11% year over year.
The pre-tax profit margin (adjusted) increased to 54.3% from 50.1% in the prior-year quarter.
At the end of the second quarter, Schwab’s average interest-earning assets rose 5% to $445 billion.
As of June 30, 2026, the annualized return on equity was 25%, up from 19% in the prior-year quarter.
Other Business MetricsAs of June 30, 2026, Schwab’s total client assets reached a record $13.08 trillion (up 22% year over year). During the reported quarter, net new assets brought by new and existing clients were $118.7 billion.
Schwab added 1.4 million new brokerage accounts during the quarter. As of June 30, 2026, the company had 39.8 million active brokerage accounts, 2.4 million banking accounts and 5.9 million corporate retirement plan participants.
Share Repurchase UpdateDuring the reported quarter, Schwab repurchased 11.2 million shares for $1 billion.
OutlookManagement’s updated 2026 scenario assumes the Fed funds upper bound to end the year at 4%, changed from the previously mentioned 3.75%. Likewise, equity markets are expected to rise 13% from the 2025-end levels, changed from the previously mentioned 10% increase. The updated scenario also includes full-year daily average trades reaching 10.6 million, with organic net asset growth of 5%.
Based on these assumptions, Schwab expects 2026 revenue growth of 17.5-18.5%.
Average interest-earning assets are expected to expand modestly in the year on a year-over-year basis. NIM is expected to expand to 3-3.10% in 2026, with fourth-quarter NIM reaching 3.25-3.30%.
In terms of expenses, Schwab expects adjusted expenses to rise 9.5-10.5% in 2026. Management attributed this to higher volume-related costs tied to strong business performance and trading activity, as well as the inclusion of Forge Global Holdings (acquired in March 2026).
The 2026 adjusted pre-tax margin is expected in the low 50% range.
The company expects high-single-digit to low-double digit revenue growth coupled with positive operating leverage and balance sheet management to result in mid-teens EPS growth through the cycle.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.
VGM ScoresCurrently, Charles Schwab has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Charles Schwab has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerCharles Schwab belongs to the Zacks Financial - Investment Bank industry. Another stock from the same industry, Citigroup (C - Free Report) , has gained 0.5% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Citigroup reported revenues of $24.77 billion in the last reported quarter, representing a year-over-year change of +14.3%. EPS of $3.15 for the same period compares with $1.96 a year ago.
For the current quarter, Citigroup is expected to post earnings of $2.68 per share, indicating a change of +19.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.6% over the last 30 days.
Citigroup has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
Fidelity a Schwab omezily přístup k daňově optimalizovaným long-short účtům pro bohaté klienty kvůli prudkému růstu a rizikům. Přesto někteří klienti posílají další peníze, než přijdou přísnější limity.
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When brokerages making money on a strategy start turning clients away, pay attention. That is what just happened with tax-aware long-short accounts, the fastest-growing tax dodge for the very wealthy.
Two Custodians Just Slammed the Brake Per a Bloomberg “Great American Tax Dodge” investigation published August 18, 2026, Charles Schwab (NYSE:SCHW | SCHW Price Prediction) curbed how much of an adviser’s book can sit in these accounts, raised minimums, imposed borrowing and margin limits, and warned it will issue margin calls when accounts breach the new thresholds.
Fidelity moved earlier and harder. The largest US brokerage, with almost $20 trillion under administration, shut its doors to new clients and hiked fees for some existing ones. A spokesperson said “Fidelity chose to restrict access to new clients due to the unprecedented growth of these strategies on our platform.”
Schwab CEO Rick Wurster told Bloomberg the firm still wants to support the strategy and is going to great lengths to make sure advisers understand how complex and risky the accounts can be. On the July earnings call, he described the market as moving “past” the initial surge and into “more of a stable growth environment.”
What a Tax-Aware Long-Short SMA Actually Does The account bets both on and against companies, engineered to create losses alongside long-term gains, so the accumulated losses erase taxes owed on other investments or income. It’s aimed at people facing big capital events like private equity payouts, business sales, or large market gains.
The accounts require relentless daily transactions, heavy borrowing that can trigger margin calls, a large number of shorted stocks, and sometimes complex derivatives. Fidelity and Schwab supply the financing and stock loans that make it work. Schwab’s Jalina Kerr told Bloomberg: “These sophisticated strategies can involve thousands of positions and significant client reporting intricacies.” Clients receive hundreds of pages of tax documents.
Scale and Systemic Risk The strategy sits at the cutting edge of the $1 trillion “tax alpha” universe that helps wealthy people postpone or eliminate capital gains taxes. Schwab’s revenue from the business climbed to roughly $70 million by the second quarter. CFO commentary pegged it at “roughly 1%” of firm revenue, against total Q2 revenue of $7.1 billion.
Quantinno Capital, the shop that brought the first retail-scale tax-aware long-short SMA to Fidelity in October 2021, now has about $60 billion of assets, up from almost nothing five years ago. AQR surpassed $140 billion at the end of March, about $70 billion of it in tax-loss strategies, up from about $3 billion in 2023.
The custodians’ concern: as more money piles in, more of the same stocks get shorted, and a sudden loss could force everyone to unwind at once. If clients can’t post cash, the brokerage covers the shortfall. Former FDIC chair Sheila Bair told Bloomberg: “There’s no other reason to do it than avoid paying taxes. There’s risk for the firms offering this.”
Where the Wealthy Went Next The plumbing rerouted. Wealth managers ran to Schwab when Fidelity pulled back, and when Schwab curbed access, less traditional firms started fielding calls. Goldman Sachs (NYSE:GS) and BNY Pershing have stepped into custody for these accounts, with Goldman citing “longstanding expertise as prime brokers.”
That’s consistent with Goldman’s Q2. Asset and wealth management revenues hit $4.6 billion, up 20% year-over-year, with wealth client assets near $2 trillion and CEO David Solomon saying the firm has “never been better positioned to help founders and executives realize and manage newly created wealth.”
Regulators are watching. At a July gathering in New York, Treasury officials warned that some strategies designed to slash tax bills may be crossing lines “that should not be crossed.” No rule has been issued.
Retail Playbook: Tax Moves You Can Actually Use This SMA isn’t retail. Minimums, margin calls, and short books put it out of reach for most investors. But the underlying tax code is the same. Three legitimate moves for a taxable brokerage:
Harvest losses inside your regular brokerage. Realized losses offset realized gains dollar for dollar, and up to $3,000 of ordinary income each year, with the remainder carried forward. Mind the 30-day wash-sale rule. Prefer ETFs over mutual funds in taxable accounts. The in-kind creation and redemption mechanism lets ETFs shed low-basis lots without pushing capital gains distributions onto your 1099. Use the 0% long-term capital gains bracket in low-income years. Between retirement and RMDs, many households have a window to realize gains at a 0% federal rate. Pair that with step-up in basis at death for lots you never need to sell. That middle item is bigger than it looks. The quiet years between a last paycheck and the first required withdrawal may be the lowest tax rate a household ever sees again, and we sized up how to use that window in a free guide: The Roth Window.
Clients Piled In Anyway One Boston-based adviser to high-net-worth clients told Bloomberg that on hearing the Schwab news, some of his biggest clients feared increasingly draconian restrictions were coming, and their response was to add even more money to their tax-aware accounts at Schwab while they still could. Schwab, meanwhile, recently recruited for a new role leading its long-short SMA program with a salary as high as $269,900.
When two firms whose margin desks profit from a trade start restricting it, and the buyers respond by ordering more, the story stops being about taxes and starts being about crowding. For a retiree, this is a math conversation worth having with a fiduciary advisor or CPA, not a strategy to chase.
Contact [email protected] for any questions or corrections.
Charles Schwab v červenci zvýšil klientská aktiva o 19 % meziročně na 13,04 bilionu USD a čistý příliv nových aktiv dosáhl rekordních 58,1 miliardy USD. Denní průměr obchodů vyskočil o 61 % na 11,6 milionu.
Key Takeaways Schwab's client assets rose 19% y/y to $13.04T, with core net new assets hitting a July record of $58.1B.Advisory assets climbed 21.5% to $6.70T, while new brokerage accounts rose 11% y/y.Schwab's July 2026 DATs surged 61% y/y to 11.6M, supporting further trading-related revenue growth. Charles Schwab’s (SCHW - Free Report) client asset momentum remained strong in July 2026, reflecting robust asset gathering and sustained client engagement. Total client assets reached $13.04 trillion at month-end, up 19% year over year, while assets receiving ongoing advisory services increased 21.5% to $6.70 trillion. Core net new assets hit a July record of $58.1 billion, rising 24% year over year.
Schwab’s asset growth has been supported by a combination of organic asset inflows and its efforts to expand its client base. Inorganic expansion has also played an important role, with acquisitions contributing to the company’s client asset growth over the past several years. Schwab’s total client assets saw a 12.2% compound annual growth rate (CAGR) over the five years ended 2025, with the uptrend continuing through the first six months of 2026. Its focus on advisory solutions has also been bearing fruit, with managed investing solutions revenues witnessing an 11.1% CAGR during the same five years.
The rising asset base is particularly beneficial because it can support revenue growth even when Schwab reduces fees on certain investing solution products. A larger pool of average client assets helps offset fee compression and supports higher asset management and administration revenues.
At the same time, heightened market volatility and strong investor participation have been driving trading activity. Schwab reported a year-over-year increase in trading revenues in the first half of 2026, while July’s strong asset gathering and client engagement provide a favorable backdrop for further trading-related revenue growth. In July, Schwab’s Client Daily Average Trades (DATs) were 11.6 million, up 61% year over year.
Thus, continued organic asset gathering, favorable market conditions and Schwab’s inorganic expansion efforts should support further growth in client assets and strengthen its revenue-generating base. The Zacks Consensus Estimate for SCHW’s 2026 and 2027 revenues is $28.29 billion and $31.70 billion, implying respective year-over-year growth of 18.3% and 12%, underscoring expectations for continued top-line momentum.
Additional Data From Schwab’s July ActivitySCHW’s average interest-earning assets at the end of July 2026 were $449.9 billion, which rose 8% from July 2025.
Margin balances at month end were $169.9 billion, up 92% from the year-ago month. Total money market funds were $695.3 billion, up 6%.
Schwab opened 417,000 new brokerage accounts in July 2026, up 11% from the year-earlier month.
The company’s active brokerage accounts totaled 39.9 million, up 6% year over year. Client banking accounts were 2.4 million, up 13% from July 2025. The number of workplace plan participant accounts was up 5% year over year to 5.9 million.
Schwab’s Competitive LandscapeSchwab’s two closest peers are Robinhood Markets, Inc. (HOOD - Free Report) and Interactive Brokers (IBKR - Free Report) . Let us see how these two firms performed in July 2026.
Robinhood reported strong growth in equity and options DATs in July, underscoring continued momentum in its active-trader business. Equity DATs rose 29.7% year over year to 4.8 million, while options DATs surged 90.9% to 2.1 million. However, crypto DATs fell 45.4% to 0.6 million, highlighting the mixed trend across Robinhood’s trading businesses.
Likewise, Interactive Brokers reported daily average revenue trades of 4.4 million in July 2026, up 27% year over year, while customer accounts rose 34% to 5.32 million. IBKR continues to expand its product suite and global reach, including nearly 24/5 Forecast Contracts trading, a unified prediction markets interface and broader access to Korean equities.
SCHW’s Price Performance, Valuation & Estimate AnalysisShares of Schwab have rallied 17.8% over the past six months compared with the industry’s rise of 16.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, SCHW trades at a forward price-to-earnings (P/E) ratio of 15.10, above the industry average.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Schwab’s 2026 and 2027 earnings indicates year-over-year growth of 32.7% and 21.1%, respectively. Over the past 30 days, earnings estimates for both years have been revised upward.
Image Source: Zacks Investment Research
Currently, Schwab carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The first summer month was a hot one in several respects for Charles Schwab (SCHW +0.45%). Early in the month, the veteran brokerage and financial services provider reported that an internal trading indicator was doing extremely well, and toward the end, unveiled its latest quarterly earnings report.
The latter wasn't initially well received, but that sentiment turned bullish in the wake of several analyst price target increases. Ultimately, the stock increased in value over the month, with a gain of more than 14%.
Image source: Getty Images.
STAX success Schwab is sufficiently large, well-capitalized, and authoritative to maintain its own stock index that tracks its many clients' trading activity. The monthly Schwab Trading Activity Index (STAX), modestly named after the company, was on fire going into July. It rose to more than 59 in June, setting a new multi-year high and topping May's 55.
If trading is brisk enough to set a new multi-year high, any way we slice it, the company is doing well. Although Schwab no longer charges commissions for buying and selling equities, increased trading activity translates into gains in fundamentals such as margin loan balances.
Sure enough, when Schwab released its second quarter earnings on July 21, it trumpeted new quarterly records for net revenue, net income under generally accepted accounting practices (GAAP), and core net new assets.
That new top-line high was $7.1 billion, up a very sturdy 21% year over year, thanks in no small part to a net interest margin (NIM) that expanded by 35 basis points to an even 3%.
Net income, both GAAP and non-GAAP (adjusted) zoomed 32% higher, with GAAP coming in at $2.80 billion and adjusted landing at $2.93 billion ($1.62 per share). On average, analysts were modeling net revenue of $6.85 billion and adjusted net income of $1.54 per share.
Better, Schwab raised its guidance for full-year revenue growth to 17.5% to 18% (from 14% to 15%).
It felt counterintuitive, then, for the stock to decline in the wake of that impressive quarter. At that point, though, shares of Schwab and other top financial companies were riding fairly high after passing the Federal Reserve's (Fed) annual stress tests in June. Satisfying quarterly results from the big four banks helped too, as did their relatively generous dividend raises.
The run-up in stock prices for many financials raised expectations, and some investors were surely aching for a serious blowout of a second quarter from Schwab.
Today's Change
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106.35
Positive pundit pronouncements Before long, they were reminded just how solid Schwab's performance was. Several analysts tracking the stock raised their price targets on the company's equity.
Morgan Stanley, for example, did so twice in July, once before earnings (to $133 per share from $125) and once after (to $136). Probably needless to say, prognosticator Michael Cyprys maintained his overweight (buy) recommendation across both moves.
Those occurred in the closing days of the month, giving Schwab stock enough time to recover from that brief post-earnings sell-off. They also served to -- rightfully, in my opinion -- point out just how effective and prosperous the company is in most aspects of its business.
Provable Markets dokončila financování série B vedené Charles Schwab, s účastí DTCC. Platforma Aurora zároveň hlásí rekordy čtyři po sobě jdoucí čtvrtletí a přes 30 bilionů USD v měsíčním objemu objednávek.
SEC-registered broker-dealer running the Aurora Alternative Trading System for securities finance now backed by two of the largest institutions at the center of U.S. markets, Charles Schwab and DTCC.
Key points
Provable Markets is modernizing securities finance infrastructure through end to end pre-trade, execution, and post-trade solutions for securities finance. Series B funding round led by Charles Schwab, with participation by DTCC, existing investors Dialectic Capital Management, Inkef and others. The round supports team growth across all facets, further core market infrastructure connectivity, product and geographical expansion. , /PRNewswire/ -- Provable Markets, operator of the securities finance platform Aurora, today announced the completion of its Series B investment round led by Charles Schwab (NYSE: SCHW), with The Depository Trust & Clearing Corporation (DTCC) joining as a new investor, and participation from existing investors Dialectic Capital Management, Inkef and others.
The investment comes at a pivotal time in the Provable Markets growth story. The platform has posted new records for four consecutive quarters on its ATS processing over $30 trillion in monthly order volume.
"At Schwab, we value supporting innovative firms and technology that strengthen the financial services ecosystem and enable Schwab to meet the needs of our clients," said Howie Kennedy, Managing Director, Securities Lending, Charles Schwab Corporation. "Provable Markets supports that objective by helping modernize securities finance workflows through automation, connectivity, and scalable solutions, improving capital market efficiency and execution quality."
Provable Markets facilitates end- to- end securities finance workflows through a fully cloud-native offering that boasts deep connectivity into the heart of the US capital markets infrastructure with connectivity to DTCC's clearing agency subsidiaries, National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC), the OCC, and Tri-party Agents. The platform leverages a novel matching engine within its SEC-registered Alternative Trading System (ATS) that provides clients with increased trade automation on a neutral playing field. With a seamless hand off to its Aurora post-trade solution, Provable eliminates historical bottlenecks that cannot be fixed through front-end workflow solutions alone in this highly complex ecosystem. Coupled with access to NSCC's SFT Clearing Service, clients can simultaneously realize significant capital relief under Basel regulatory frameworks to generate further ROI for their businesses and expand their trading opportunities.
— Brian Steele, Managing Director, President, Clearing & Securities Services at DTCC, stated, "As demand for securities financing transactions continues to grow, market participants are increasingly seeking solutions that improve capital efficiency while reducing operational complexity. Provable Markets' integration with DTCC's SFT Clearing Service helps participants streamline post-trade processing and unlock the balance sheet benefits of central clearing. By supporting and connecting to innovative platforms like Provable, we are helping create a more efficient and scalable securities finance ecosystem that can support continued growth across the market."
The Series B round will help Provable grow its commercial, product and engineering headcount to support the rapid growth of its client base and related services, while maintaining its level of market leading client service and scalable technology design and architecture. The funds will also drive additional product and geographical expansion.
"We started Provable Markets with the belief that modernizing securities finance is a market structure story that requires a foundational pipes and plumbing approach to rebuild core infrastructure from the bottom up. By maintaining that focus, we have been able to solve real problems for our clients that not only drive scaled automation, but also alleviate the increasingly acute pressures of operational and regulatory capital constraints. Charles Schwab and DTCC's investment validate and fuels our next stage of growth to execute on our vision of becoming core market infrastructure for the rapidly expanding securities finance landscape and beyond."— Matt Cohen, Co-Founder & CEO, Provable Markets
ABOUT PROVABLE MARKETS
Provable Markets is driving market structure change, offering front-to-back trade, lifecycle management, and post-trade solutions for cleared and uncleared SFTs — delivering execution optimization, operational efficiency, cost reduction, and risk mitigation across the value chain. Provable Markets is a FINRA member broker-dealer and SIPC member, and market operator of Aurora, a cloud-native alternative trading system (ATS) regulated by the US Securities and Exchange Commission. For more information, visit provablemarkets.com or contact [email protected].
Gabelli Funds LLC boosted its position in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 184.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,437 shares of the financial services provider’s stock after buying an additional 86,557 shares during the period. Gabelli Funds LLC’s holdings in Charles Schwab were worth $12,540,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. State Street Corp increased its holdings in shares of Charles Schwab by 1.0% in the 3rd quarter. State Street Corp now owns 73,156,290 shares of the financial services provider’s stock valued at $6,984,231,000 after acquiring an additional 691,671 shares during the period. Geode Capital Management LLC grew its position in Charles Schwab by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider’s stock worth $3,747,646,000 after purchasing an additional 98,242 shares during the last quarter. Franklin Resources Inc. grew its position in Charles Schwab by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 30,184,369 shares of the financial services provider’s stock worth $3,015,720,000 after purchasing an additional 78,020 shares during the last quarter. Primecap Management Co. CA increased its stake in Charles Schwab by 9.7% in the fourth quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock valued at $2,325,512,000 after purchasing an additional 2,066,884 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Charles Schwab by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,818,514 shares of the financial services provider’s stock valued at $2,179,888,000 after purchasing an additional 171,926 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.
Wall Street Analysts Forecast Growth SCHW has been the subject of a number of research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $127.00 target price on shares of Charles Schwab in a report on Tuesday, July 21st. Jefferies Financial Group dropped their price target on Charles Schwab from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Barclays upped their price objective on Charles Schwab from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Charles Schwab in a research report on Wednesday. Finally, Piper Sandler set a $118.00 target price on Charles Schwab in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.76.
Read Our Latest Stock Analysis on SCHW
Insider Activity at Charles Schwab In other news, Director Frank C. Herringer sold 2,520 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the sale, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,000 shares of Charles Schwab stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $100.01, for a total value of $200,020.00. Following the completion of the sale, the insider owned 13,738 shares in the company, valued at approximately $1,373,937.38. This trade represents a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,520 shares of company stock worth $622,392 in the last quarter. 6.30% of the stock is currently owned by insiders.
More Charles Schwab News Here are the key news stories impacting Charles Schwab this week:
Positive Sentiment: Schwab announced a quarterly common stock dividend of $0.32 per share, along with preferred stock dividends, reinforcing its capital-return story for income-focused investors. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends Positive Sentiment: Argus raised its price target on SCHW to $114 from $108 and kept a buy rating, signaling confidence in further upside. Argus raises Charles Schwab price target Positive Sentiment: Schwab was added to Zacks’ “Best Income Stocks to Buy” list, suggesting investors continue to view the company as an attractive income and quality financial-services name. Best Income Stocks to Buy for July 23rd Positive Sentiment: Recent coverage highlighted Schwab’s “dual beats” in its latest quarter, with earnings and revenue both coming in above expectations, adding to the bullish case after the July 21 report. Charles Schwab: Dual Beats And Attractive Preferreds Neutral Sentiment: Schwab also received media attention for its call for the CLARITY Act to pass, framing crypto regulation as a potential long-term industry catalyst, though the timing remains uncertain. Charles Schwab Calls CLARITY Act a Fundamental Catalyst Charles Schwab Stock Down 0.1% SCHW stock opened at $101.92 on Monday. The stock has a market capitalization of $177.25 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 0.83 and a beta of 0.77. The company has a fifty day moving average of $93.93 and a 200-day moving average of $95.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.62 and a current ratio of 0.62. The Charles Schwab Corporation has a one year low of $83.96 and a one year high of $107.50.
Charles Schwab (NYSE:SCHW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. As a group, analysts expect that The Charles Schwab Corporation will post 6.43 EPS for the current year.
Charles Schwab Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s payout ratio is currently 23.27%.
Charles Schwab Profile (Free Report)
Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.
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Arrowstreet Capital ve 1. čtvrtletí snížil podíl v Charles Schwab o 10,3 % a prodal 337 555 akcií. Firma zároveň oznámila čtvrtletní dividendu 0,32 USD na akcii.
Arrowstreet Capital Limited Partnership lowered its stake in shares of The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,952,078 shares of the financial services provider’s stock after selling 337,555 shares during the period. Arrowstreet Capital Limited Partnership owned 0.17% of Charles Schwab worth $277,436,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Souders Financial Advisors boosted its stake in Charles Schwab by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,341 shares of the financial services provider’s stock valued at $434,000 after buying an additional 98 shares during the period. Lantz Financial LLC increased its position in shares of Charles Schwab by 3.1% in the fourth quarter. Lantz Financial LLC now owns 3,243 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 99 shares during the last quarter. Essex Financial Services Inc. raised its stake in Charles Schwab by 0.8% in the fourth quarter. Essex Financial Services Inc. now owns 12,833 shares of the financial services provider’s stock valued at $1,282,000 after purchasing an additional 105 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Charles Schwab by 0.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 24,626 shares of the financial services provider’s stock valued at $2,460,000 after purchasing an additional 107 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its position in Charles Schwab by 4.1% during the fourth quarter. FSM Wealth Advisors LLC now owns 2,688 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 107 shares during the last quarter. 84.38% of the stock is owned by institutional investors.
Charles Schwab News Roundup Here are the key news stories impacting Charles Schwab this week:
Positive Sentiment: Schwab announced a quarterly common stock dividend of $0.32 per share, along with preferred stock dividends, reinforcing its capital-return story for income-focused investors. Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends Positive Sentiment: Argus raised its price target on SCHW to $114 from $108 and kept a buy rating, signaling confidence in further upside. Argus raises Charles Schwab price target Positive Sentiment: Schwab was added to Zacks’ “Best Income Stocks to Buy” list, suggesting investors continue to view the company as an attractive income and quality financial-services name. Best Income Stocks to Buy for July 23rd Positive Sentiment: Recent coverage highlighted Schwab’s “dual beats” in its latest quarter, with earnings and revenue both coming in above expectations, adding to the bullish case after the July 21 report. Charles Schwab: Dual Beats And Attractive Preferreds Neutral Sentiment: Schwab also received media attention for its call for the CLARITY Act to pass, framing crypto regulation as a potential long-term industry catalyst, though the timing remains uncertain. Charles Schwab Calls CLARITY Act a Fundamental Catalyst Insider Transactions at Charles Schwab In related news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the transaction, the insider directly owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. This represents a 12.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the sale, the director owned 177,508 shares in the company, valued at approximately $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,520 shares of company stock valued at $622,392. 6.30% of the stock is owned by company insiders.
Analyst Ratings Changes A number of research firms have commented on SCHW. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. BMO Capital Markets lowered Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price target for the company. in a research note on Monday, July 20th. Citigroup reiterated a “market outperform” rating on shares of Charles Schwab in a report on Wednesday. Jefferies Financial Group cut their target price on Charles Schwab from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, TD Cowen increased their price target on shares of Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.76.
Read Our Latest Stock Analysis on SCHW
Charles Schwab Stock Performance Shares of SCHW opened at $101.92 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $177.25 billion, a P/E ratio of 18.53, a P/E/G ratio of 0.82 and a beta of 0.77. The business’s 50 day moving average price is $93.93 and its 200-day moving average price is $95.39. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $107.50.
Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Charles Schwab had a return on equity of 24.73% and a net margin of 38.79%.The company had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities research analysts anticipate that The Charles Schwab Corporation will post 6.43 earnings per share for the current fiscal year.
Charles Schwab Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab’s dividend payout ratio is 23.27%.
Charles Schwab Company Profile (Free Report)
Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.
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Charles Schwab ve 2. čtvrtletí vykázal zisk 1,62 USD na akcii a tržby 7,07 miliardy USD, obojí nad odhady. Zisk na akcii byl meziročně vyšší než 1,14 USD.
The Charles Schwab Corporation (SCHW - Free Report) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.88%. A quarter ago, it was expected that this company would post earnings of $1.39 per share when it actually produced earnings of $1.43, delivering a surprise of +2.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Charles Schwab, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $7.07 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.71%. This compares to year-ago revenues of $5.85 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Charles Schwab shares have added about 2.6% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Charles Schwab?While Charles Schwab has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Charles Schwab was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.63 on $7.09 billion in revenues for the coming quarter and $6.27 on $27.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Stifel Financial (SF - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.
This brokerage and investment banking firm is expected to post quarterly earnings of $1.35 per share in its upcoming report, which represents a year-over-year change of +18.4%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Stifel Financial's revenues are expected to be $1.41 billion, up 9.7% from the year-ago quarter.
Charles Schwab čeká za čtvrtletí zisk 1,52 USD na akcii, tedy meziročně o 33,3 % více, při tržbách 6,75 miliardy USD (+15,4 %). Analytici navíc čekají, že firma 21. července překoná odhady.
Wall Street expects a year-over-year increase in earnings on higher revenues when The Charles Schwab Corporation (SCHW - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.52 per share in its upcoming report, which represents a year-over-year change of +33.3%.
Revenues are expected to be $6.75 billion, up 15.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.25% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Charles Schwab?For Charles Schwab, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.30%.
On the other hand, the stock currently carries a Zacks Rank of #1.
So, this combination indicates that Charles Schwab will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Charles Schwab would post earnings of $1.39 per share when it actually produced earnings of $1.43, delivering a surprise of +2.88%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Charles Schwab appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Charles Schwab obdržel výsledky letošního testu CCAR Fedu a jeho stress capital buffer zůstává na minimu 2,5 %. CET1 ratio činil k 31. březnu 2026 26,3 %.
WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve’s 2026 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve’s estimate of Schwab’s minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2025 and ending March 31, 2028. Earlier this year, the Federal Reserve voted to maintain the current stress capital buffer requirements until 2027. Therefore, Schwab’s stress capital buffer (SCB) remains at the 2.5% minimum.
Schwab’s Common Equity Tier 1 (CET1) ratio of 26.3% as of March 31, 2026 was well in excess of the regulatory minimum of 4.5% combined with the SCB of 2.5% due to the relatively low risk nature of our balance sheet assets.
Schwab ended the first quarter of 2026 with a consolidated Tier 1 Leverage Ratio of 8.9%, down from 9.3% at year-end 2025.
CFO Mike Verdeschi commented, “Our CCAR results highlight the strength of Schwab’s capital position and diversified business model. Our principles-based approach to managing the balance sheet establishes a foundation of safety and soundness from which we support our clients’ evolving needs across different environments and deliver profitable growth through-the-cycle.”
Forward-looking Statements
This press release contains forward-looking statements relating to the company’s diversified business model, business results, growth, capital ratios, and balance sheet management. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences include actual economic and financial conditions, the accuracy of management’s modeling and estimation techniques, and other factors described in the company’s most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the company’s website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commission’s website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 39.5 million active brokerage accounts, 5.9 million workplace plan participant accounts, 2.3 million banking accounts, and $13.14 trillion in client assets as of May 31, 2026. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sec.gov), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.
Charles Schwab ve spolupráci s Cboe Global Markets zavádí binární opce spojené s výkonem indexu S&P 500, což znamená vstup do rychle rostoucího segmentu predikčních trhů.
Charles Schwab Corporation partnered with Cboe Global Markets to introduce binary options tied to the performance of the S&P 500, marking its entry into the rapidly growing prediction markets segment.
According to a report by The Wall Street Journal, the brokerage is working with Cboe to roll out all-or-nothing options contracts that allow customers to make yes-or-no wagers on whether the S&P 500 closes above or below a specified level.
The contracts will pay a fixed cash settlement if the prediction is correct and nothing if it is not.
Although structured as options rather than futures contracts, the products function similarly to prediction markets offered by platforms such as Robinhood and Interactive Brokers.
Schwab plans to make the contracts available to customers in the coming months.
Schwab is also introducing an options product that incorporates a Cboe feature known as "the plus zone."
The feature allows traders to receive a partial payout even if their predictions are not entirely accurate and the index closes near, but not exactly at, the anticipated level.
Cboe began discussing the return of binary options contracts months ago as interest in prediction markets accelerated.
Company executives have indicated that such products could appeal to investors who have experimented with prediction markets but have not yet moved into more sophisticated options strategies.
The companies have also discussed developing contracts linked to other indexes and financial benchmarks.
However, Schwab intends to focus exclusively on events with measurable outcomes in financial markets and is not expected to offer contracts tied to sports, entertainment or other non-financial events.
The expansion comes as prediction markets have grown rapidly in popularity over the past several years.
The products gained significant attention during the 2024 US presidential election and have since evolved into an asset class that allows traders to wager on outcomes ranging from monetary policy decisions and corporate earnings to major sporting events.
The move into prediction markets comes as Schwab simultaneously adds new safeguards around another rapidly growing area of its business.
The company recently informed advisers that it is implementing tighter margin requirements for clients using long-short investment strategies.
These strategies typically combine long and short positions and use margin loans and proceeds from short sales to finance investments.
Under the new requirements, individual accounts must maintain margin debits below 110% of short credits, while the aggregate limit across all accounts using long-short strategies is set at 100%.
If the requirements are not met, Schwab said it may impose restrictions.
"If the margin call is not resolved within the required time frame, 'we may restrict new account enrollments in the strategy, execute transactions in the account to satisfy the deficiency, or take additional action to manage the exposure,' Schwab said in the notice."
The brokerage emphasized its continued support for long-short strategies.
"The changes we have recently shared with our participating RIA clients are designed to ensure the program grows and meets demand sustainably," the firm said. "With Schwab’s scale, balance sheet, and expertise behind it, Long/Short SMA Strategies on Schwab’s platform are well positioned for the long term."
Schwab introduced leverage caps and account minimums on long-short separately managed accounts in April.
The company reported margin loan balances of nearly $127 billion at the end of the first quarter.
Shares of Charles Schwab have fallen about 9% so far this year as investors monitor both the company's expansion into new trading products and its efforts to manage risks across its growing platform.
