These Analysts Revise Their Forecasts On Charles Schwab After Q3 Results

Benzinga Earnings10-16 22:29

Charles Schwab Corp. (NYSE:SCHW) on Thursday reported mixed third-quarter results.

Adjusted earnings of $1.69 per share beat the analyst consensus estimate of $1.66. Revenue rose 17% year over year to a record $7.17 billion, versus the consensus estimate of $7.19 billion.

“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs,” President & CEO Rick Wurster said.

Charles Schwab shares fell 0.8% to trade at $93.36 on Friday.

These analysts made changes to their price targets on Charles Schwab following earnings announcement.

Truist Securities analyst David Smith maintained the stock with a Buy and lowered the price target from $125 to $112.
Citizens analyst Devin Ryan reiterated the stock with a Market Outperform and maintained a $120 price target.
TD Cowen analyst Bill Katz reiterated the stock with a Buy and maintained a $129 price target.

Considering buying SCHW stock? Here’s what analysts think:

Photo via Shutterstock

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Revenue rose 17% year over year to a record $7.17 billion, versus the consensus estimate of $7.19 billion.</p>\n<p>“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs,” President &amp; CEO Rick Wurster said.</p>\n<p>Charles Schwab shares fell 0.8% to trade at $93.36 on Friday.</p>\n<p>These analysts made changes to their price targets on Charles Schwab following earnings announcement.</p>\n<ul>\n<li>Truist Securities analyst David Smith maintained the stock with a Buy and lowered the price target from $125 to $112.</li>\n<li>Citizens analyst Devin Ryan reiterated the stock with a Market Outperform and maintained a $120 price target.</li>\n<li>TD Cowen analyst Bill Katz reiterated the stock with a Buy and maintained a $129 price target.</li>\n</ul>\n<p><strong>Considering buying SCHW stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"310\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/16102846/image-380-1024x310.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/16102846/image-380-1024x310.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/16102846/image-380-300x91.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/16102846/image-380-768x233.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/16102846/image-380.png 1172w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1791807156.HKD","symbol_name":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/10/62412248/these-analysts-revise-their-forecasts-on-charles-schwab-after-q3-results","article_id":"2675518850","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2675518850","pubTimestamp":1792160998,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Charles Schwab’s Q3 EPS beat estimates, revenue hit a record but missed slightly; analysts stayed bullish, though Truist cut its price target.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1861217088.USD":"贝莱德金融科技A2","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","SG9999001077.SGD":"United International Growth Fund SGD","LU0251142724.SGD":"Fidelity America A-SGD","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4581":"高盛持仓","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","SCHW":"嘉信理财","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","BK4585":"ETF&股票定投概念","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4127":"投资银行业与经纪业","LU0971096721.USD":"富达环球金融服务 A","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IAI":"iShares Dow Jones U.S. Broker De","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0106831901.USD":"贝莱德世界金融基金A2","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4589":"SVB概念","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC"},"translate_title":"这些分析师在第三季度业绩公布后修改了对嘉信理财的预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCHW":1.5,"IAI":0.6},"content_text":"Charles Schwab Corp. (NYSE:SCHW) on Thursday reported mixed third-quarter results.\nAdjusted earnings of $1.69 per share beat the analyst consensus estimate of $1.66. Revenue rose 17% year over year to a record $7.17 billion, versus the consensus estimate of $7.19 billion.\n“During the third quarter, clients opened 1.2 million new brokerage accounts and entrusted Schwab with $190.4 billion in core net new assets – an annualized growth rate of 5.8%. We are delivering new capabilities and solutions, while our leading value proposition continues to resonate with investors and RIAs,” President & CEO Rick Wurster said.\nCharles Schwab shares fell 0.8% to trade at $93.36 on Friday.\nThese analysts made changes to their price targets on Charles Schwab following earnings announcement.\n\nTruist Securities analyst David Smith maintained the stock with a Buy and lowered the price target from $125 to $112.\nCitizens analyst Devin Ryan reiterated the stock with a Market Outperform and maintained a $120 price target.\nTD Cowen analyst Bill Katz reiterated the stock with a Buy and maintained a $129 price target.\n\nConsidering buying SCHW stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2675518850","isCrawlerRequest":true}