Charles Schwab

SCHW · NYSE

$90.89+$1.31 (+1.46%)TodayMarket closed · Oct 20, 7:39 PM ET

Prev close $89.58

SCHW analyst rating

BuyConsensus of 17 analysts over the last 12 months. 71% rate it a buy.

Strong buy0
Buy12
Hold4
Underperform1
Sell0

12-month price target · 24 analysts

Average $126.01 (+38.6% upside)

Low: $91.91
Now: $90.89
High: $152.25

Upgrades and downgrades

The latest rating actions, newest first

SCHW analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Oct 19, 2026	Maintains	Market Perform	$105.00 → $97.00	56%
Barclays	Oct 16, 2026	Maintains	Overweight	$118.00 → $115.00	57%
UBS	Oct 16, 2026	Maintains	Buy	$113.00 → $109.00	43%
Wells Fargo	Oct 16, 2026	Maintains	Equal-Weight	$105.00 → $103.00	63%
JP Morgan	Oct 16, 2026	Maintains	Overweight	$150.00 → $147.00	53%
Evercore ISI Group	Oct 16, 2026	Maintains	In-Line	$107.00 → $104.00	71%
TD Cowen	Oct 16, 2026	Maintains	Buy	$129.00	53%
Citizens	Oct 16, 2026	Maintains	Market Outperform	$120.00	64%
Truist Securities	Oct 16, 2026	Maintains	Buy	$125.00 → $112.00	57%
Truist Securities	Oct 13, 2026	Maintains	Buy	$130.00 → $125.00	57%

The case for and against

Updated Oct 18, 2026

Bull case

Charles Schwab is positioned to outperform because its core franchise is still compounding: 3Q26 adjusted EPS rose 29% year over year to $1.69, revenue hit a record $7.17B, and core net new assets increased 38% to a quarterly record of $190.4B. Its scale in client assets, leadership in RIA custody, and broadening wealth platform support durable organic growth, while record managed investing flows, 35% bank-loan growth, and stronger trading activity show clients are deepening their relationship with the firm. Although near-term NIM was softer at 3.04%, expense discipline, higher repurchase capacity, and improving client cash, AI-driven productivity, and monetization opportunities should sustain operating leverage and capital returns.

Bear case

Charles Schwab is vulnerable to a structurally slower earnings profile because its profits depend heavily on net interest income, cash sweep revenues, and funding costs, all of which can be pressured by either rising rates that trigger adverse client cash sorting or falling rates that reduce NII and NIM. Excluding the long/short tax advantage balances, transactional sweep cash fell about $12.5B sequentially to $429.5B while wholesale funding rose, highlighting weaker cash monetization even after record asset gathering and suggesting lower cross-cycle margins, slower interest-earning asset growth, and softer ROTCE. The company also faces meaningful downside from a major decline in capital markets, slower client asset growth, credit and cybersecurity risks, and a tightly regulated backdrop that could increase costs or constrain capital returns.

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