Charles Schwab is experiencing a powerful earnings inflection, with net interest income up 35.2% year-over-year to $3.8B in 2Q26 and the efficiency ratio improving to 40.0%, reflecting strong operating leverage and robust client inflows of $120B in core net ne...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated sharply with NII surging 35.2% year-over-year to $3.8B in 2Q26, while the efficiency ratio improved to 40.0% from 45.7% in 2Q24, though a $830M provision for loan losses after eight quarters of zero provisions raises questions about earnings quality.
A significant majority of Wall Street analysts have a 'Strong Buy' rating on SCHW, with a median price target of $117.50, implying a potential upside of around 29-33%.
Analysts anticipate a 'Great Rotation' in 2026, benefiting Schwab as capital shifts from overvalued tech stocks to financial services.
Schwab's acquisition of Forge Global and the ongoing benefits from TD Ameritrade are expected to drive future growth.
Schwab faces persistent increases in operating expenses due to investments in growth, which could pressure profitability.
The company remains sensitive to funding mix and rate dynamics, which could negatively impact earnings if conditions shift.
The financial services industry is subject to market volatility and competition, which could adversely affect Schwab's performance.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 21, 2026 | $1.62+3.8% vs $1.56 | $7.1B+2.6% vs $6.9B |
Q2 2026 Apr 16, 2026 | $1.43+2.1% vs $1.40 | $6.5B-0.3% vs $6.5B |
Q1 2026 Jan 21, 2026 | $1.39+2.2% vs $1.36 | $6.3B-0.7% vs $6.4B |
Q4 2025 Oct 16, 2025 | $1.31+4.8% vs $1.25 | $6.1B+2.1% vs $6.0B |
Most retirees write four estimated tax checks a year without realizing the IRS offers a completely different accounting treatment for one type of December payment that retroactively satisfies every quarterly deadline they missed.
Schwab's record $64.8 billion in August core net new assets and $13.41 trillion in client assets highlight strong momentum across its platform.
On CNBC's “Halftime Report Final Trades,” Jenny Van Leeuwen Harrington, chief executive officer of Gilman Hill Asset Management, LLC, picked The Charles Schwab Corporation (NYSE:SCHW).
A Texas family used ChatGPT to build an income plan around a brokerage account, and a certified financial planner stopped them before they made a move that would have triggered taxes they never needed to pay.
Benchmark SCHW against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Charles Schwab Corporation (SCHW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $100.35 | $174.52B | 21.53 | 22.01% | 31.99% | 18.1% | 1.31% | |
| $200.21 | $315.79B | 19.63 | 14.48% | 15.13% | 16.22% | — | |
| $159.39 | $30.62B | 15.47 | 11.28% | 13.62% | 17.43% | — | |
| $0.72 | $5.44M | 0.25 | 5.81% | 100.3% | 12.95% | — | |
| $3.04 | $3.04B | 18.43 | -3.03% | -5.32% | -17.45% | — | |
| $949.49 | $292.44B | 18.50 | 8.92% | 16.31% | 14.33% | — |
The Charles Schwab Corporation (SCHW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The Charles Schwab Corporation (SCHW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 12, 2026·SEC
Jul 21, 2026·SEC
Jun 29, 2026·SEC
Feb 25, 2026·SEC
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The Charles Schwab Corporation (SCHW) stock FAQ — growth, dividends, profitability & financials explained
The Charles Schwab Corporation (SCHW) grew revenue by 22.0% over the past year. This is strong growth.
Yes, The Charles Schwab Corporation (SCHW) is profitable, generating $10.10B in net income for fiscal year 2025 (32.0% net margin).
Yes, The Charles Schwab Corporation (SCHW) pays a dividend with a yield of 1.31%. This makes it attractive for income-focused investors.
The Charles Schwab Corporation (SCHW) has a return on equity (ROE) of 18.1%. This is reasonable for most industries.
The Charles Schwab Corporation (SCHW) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.
The Charles Schwab Corporation (SCHW) has an efficiency ratio of 45.0%. This is excellent, indicating strong cost control.
