Charles Schwab (SCHW)
Integrates retail brokerage, banking, wealth management, and custody for independent advisers.
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Provides brokerage, investing, wealth advice, banking, asset management, workplace services, and custody for independent advisers. Revenue spans interest on client cash and loans, asset-management and administration fees, trading, and bank-deposit fees, making results sensitive to cash allocation and interest rates.
Serves individual investors, employers, and independent registered investment advisers through Investor Services and Advisor Services. Investor Services combines self-directed brokerage and thinkorswim trading with wealth advice, Schwab Funds and ETFs, banking and lending, trust, and workplace retirement and stock-plan services. Advisor Services supplies custody, trading, banking, technology, and practice support to independent advisers. The U.S. is the core market, with limited international offices and cross-border investing access.
Scale and shared infrastructure support broad service and competitive pricing, while the completed Forge acquisition adds private-market investing capabilities. Revenue comes chiefly from interest on client cash and lending, asset-management and administration fees, trading, and bank-deposit fees. Client cash allocation and interest rates shape net interest revenue; broker-dealer and banking operations carry capital, liquidity, client-protection, and market-conduct requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | UBS | Target | Target: $128 | Target: $135 |
| Aug 2, 2026 | Compass Point | Initiate | Rating: —Target: $98 | Target: $135 |
| Jul 27, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $133 | Target: $136 |
| Jul 23, 2026 | Argus Research | Reiterate | Rating: —Target: $108 | Target: $114 |
| Jul 22, 2026 | Raymond James | Reiterate | Rating: —Target: $137 | Target: $145 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $73.60B · Total debt $37.10B · Total assets $517.30B · Shareholders' equity $49.88B
- Revenue
- $8.52B
- Operating income
- $3.67B
- Net income
- $2.80B
HistoryDividendAnnual yield
| Institutions | 83.38% | 1.45B shares | |
|---|---|---|---|
| 2,409 holders · as of Jun 30, 2026 | |||
| Insiders | 3.28% | 57.00M shares | |
| 22 holders · as of Sep 2, 2026 | |||
| Other | 13.34% | 232.12M shares | |
| remainder | |||
1.74B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.73% | 134.41M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.17% | 107.33M | as of Jun 30, 2026 |
Dodge & CoxInstitution | 4.43% | 76.97M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.21% | 73.17M | as of Jun 30, 2026 |
Charles R. SchwabInsiderdirector, officer: Co-Chairman | 3.08% | 53.59M | filed Aug 28, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Neesha Hathi | officer: MD, Head Wealth Adv, Bnk, Tst | −3,177 | $109.04 |
| Aug 28, 2026 | Walter W. Bettinger | director, officer: Co-Chairman | −74,388 | $110.91 |
| Aug 28, 2026 | Neesha Hathi | officer: MD, Head Wealth Adv, Bnk, Tst | −3,177 | $108.12 |
| Aug 26, 2026 | Carolyn Schwab-Pomerantz | director | −9,175 | $109.25 |
| Aug 24, 2026 | Charles R. Schwab | director, officer: Co-Chairman | −117,000 | $113.20 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Charles Schwab | $100.59 | −5.89% | $185.88B | 19.4 | 13.9 | 6.2 | +20.9% |
| Morgan Stanley | $200.43 | −2.76% | $325.12B | 16.8 | 15.2 | 2.6 | +36.8% |
| LPL Financial | $308.78 | −7.07% | $26.58B | 26.5 | 11.4 | 1.4 | +35.2% |
| Interactive Brokers | $90.85 | −2.54% | $161.07B | 37.3 | 31.0 | 14.5 | +31.9% |
| Robinhood Markets | $124.26 | +0.78% | $110.86B | 54.3 | 51.1 | 22.5 | +32.3% |
| Median | 31.9 | 23.1 | 8.5 | +33.7% |