BMO Capital Markets Has Lowered Expectations for Charles Schwab (NYSE:SCHW) Stock Price

Posted by Stanley Muller on Oct 19th, 2026

Charles Schwab (NYSE:SCHW – Get Free Report) had its target price decreased by equities researchers at BMO Capital Markets from $105.00 to $97.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 7.69% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating for the company in a research report on Friday. Truist Financial set a $115.00 target price on shares of Charles Schwab in a research note on Friday. Piper Sandler dropped their target price on Charles Schwab from $118.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Morgan Stanley raised their price target on Charles Schwab from $136.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Finally, Evercore restated a “hold” rating on shares of Charles Schwab in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.55.

Read Our Latest Research Report on Charles Schwab

Charles Schwab Stock Down 2.0%

NYSE:SCHW traded down $1.89 during mid-day trading on Monday, hitting $90.08. The stock had a trading volume of 4,482,556 shares, compared to its average volume of 10,055,398. Charles Schwab has a twelve month low of $83.96 and a twelve month high of $114.53. The stock has a 50-day simple moving average of $104.50 and a two-hundred day simple moving average of $98.18. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $155.77 billion, a PE ratio of 15.37, a PEG ratio of 0.81 and a beta of 0.79.

Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.18 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. On average, equities research analysts anticipate that Charles Schwab will post 6.44 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Walter W. Bettinger sold 192,488 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at $54,999,049.40. The trade was a 26.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dennis Howard sold 28,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the sale, the insider directly owned 10,470 shares of the company’s stock, valued at approximately $1,099,454.70. This trade represents a 72.78% 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. In the last 90 days, insiders have sold 645,582 shares of company stock worth $69,553,935. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Charles Schwab

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHW. New Wave Wealth Advisors LLC lifted its stake in Charles Schwab by 15.8% in the third quarter. New Wave Wealth Advisors LLC now owns 3,341 shares of the financial services provider’s stock valued at $321,000 after buying an additional 457 shares during the last quarter. Herold Advisors Inc. boosted its holdings in shares of Charles Schwab by 11.6% in the third quarter. Herold Advisors Inc. now owns 11,054 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 1,149 shares during the period. Kaufman Rossin Wealth LLC purchased a new position in shares of Charles Schwab during the third quarter worth approximately $232,000. Clark Wealth Partners grew its position in shares of Charles Schwab by 28.1% during the third quarter. Clark Wealth Partners now owns 707 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 155 shares during the last quarter. Finally, Grant Private Wealth Management Inc acquired a new position in shares of Charles Schwab in the 3rd quarter valued at $963,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab News Roundup

Here are the key news stories impacting Charles Schwab this week:

Positive Sentiment: Schwab reported record quarterly revenue of $7.17 billion and adjusted earnings of $1.69 per share, exceeding the $1.66 consensus estimate. Revenue increased 16.9% year over year, supporting the bullish case despite the modest revenue shortfall. Schwab reports record revenue
Positive Sentiment: Citizens JMP reaffirmed its “Market Outperform” rating, while a Seeking Alpha analysis identified Charles Schwab as a leading financial-sector investment idea. These views point to confidence in the company’s earnings power and long-term growth prospects. Citizens JMP rating
Positive Sentiment: Schwab is expanding direct Bitcoin and Ethereum services, including phased transfers to and from approved external wallets. The rollout could deepen customer relationships and create additional trading and custody revenue opportunities, although the service remains gradual and cryptocurrency risks persist. Schwab crypto rollout
Neutral Sentiment: CEO Rick Wurster said clients using AI tools are holding more cash than other active traders, which counters concerns that automation will immediately reduce Schwab’s cash balances. However, the longer-term effect of AI on trading activity and economics remains uncertain. AI and Schwab client cash
Negative Sentiment: Although earnings beat expectations, quarterly revenue came in slightly below consensus, prompting concern that strong earnings growth may not fully translate into upside surprises. Schwab Q3 revenue and earnings
Negative Sentiment: JPMorgan reduced its price target for SCHW, adding valuation-related pressure even as the firm’s earnings outlook remains broadly healthy. JPMorgan price target change
Negative Sentiment: Schwab is blocking unauthorized AI agents from accessing client accounts or moving money because of security and liability concerns. The safeguards reduce near-term operational risk but could limit participation in emerging AI-driven financial workflows. Schwab restricts third-party AI agents

About Charles Schwab

(Get Free Report)

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.