Zacks cuts Charles Schwab stock to hold as inflows hit record

Published on 10/01/2026 at 16:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 7.07 billion in the second quarter of 2026, up 20.90 percent. Charles Schwab stock is EUR 86.14 on October 1, 2026 versus EUR 86.37.

Fotorealistischer Handelsraum mit Börsencharts und Stadtblick, Finanzdienstleistungen — Charles Schwab Corp. US8085131050 fotorealistischer moderner Handelsraum mit Monitoren und Stadtpanorama im Hintergrund, Illustration mit AI erstellt.

Charles Schwab stock (ISIN US8085131055) was trading at EUR 86.14 at Lang & Schwarz on October 1, 2026, down 0.27 percent from the EUR 86.37 prior close. The latest analyst signal came from Zacks Research, which cut the rating from strong buy to hold in a note dated September 14, 2026, as reported by MarketBeat. At the same time, Schwab's August asset gathering reached a record USD 64.80 billion in net new assets.

Record inflows meet a rating cut

MarketBeat reported that core net new assets rose 46.00 percent year over year and 12.00 percent month over month in August 2026. The same report put client margin balances at USD 177.60 billion, up 92.00 percent year over year, a growth driver that also increases exposure to client leverage and market volatility.

The rating change contrasts with the operating data. Zacks moved to hold, while MarketBeat cited a broader consensus of Moderate Buy and an average price target of USD 121.17, based on 21 analyst ratings.

Second-quarter earnings set the benchmark

Charles Schwab generated USD 7.07 billion of revenue in the second quarter of 2026, up 20.90 percent from the comparable period, according to MarketBeat. Earnings per share reached USD 1.62, compared with consensus of USD 1.56, while revenue exceeded the USD 6.90 billion estimate.

The standardized second-quarter figures show consolidated net income of USD 2.80 billion and diluted earnings per share of USD 1.54. The difference between the reported adjusted earnings figure cited by MarketBeat and the standardized diluted figure illustrates why investors need to distinguish the metric type before comparing estimates with results.

Stock remains below its yearly high

On the NYSE, SCHW was last at USD 97.27 on October 1, 2026 at 10:40 a.m. EDT. The finance data showed a market capitalization of USD 169.2 billion and a 52-week range of USD 83.96 to USD 114.53, leaving the primary-exchange quote 15.10 percent below the high.

Charles Schwab's business combines brokerage, wealth management, banking, custody and financial planning services. Its official website presents retail investing, advisor services and banking as core offerings through one platform, including brokerage accounts, retirement products and cash management, as described by Charles Schwab.

EUR 86.14 versus the prior close

At Lang & Schwarz, Charles Schwab stock was trading at EUR 86.14 on October 1, 2026 at 4:33 p.m. CEST, down 0.27 percent versus the EUR 86.37 prior close of September 30, 2026. The primary NYSE quote was a separate USD reference, while the euro quotation remained the relevant price for investors in Germany.

The further course of trading is shown by the continuously updated real-time quote of Charles Schwab stock.