Charles Schwab (SCHW) Stock News

JP Morgan reduced its price target for Charles Schwab from $150.00 to $147.00.

TD Cowen maintained its price target for Charles Schwab at $129.00 per share.

Schwab posted record quarterly earnings and revenue, with core net new assets surging 38% to $190.4 billion. GAAP EPS of $1.62 beat the year-ago $1.26, and adjusted EPS of $1.69 rose 29%.

Charles Schwab Q3 adjusted EPS beats, revenue slightly misses estimates.

Charles Schwab posts 25% return on average common equity in Q3.

Charles Schwab reported third-quarter adjusted earnings of $1.69 a share, above the $1.65 FactSet estimate. Revenue came in at $7.2 billion, slightly above the $7.18 billion consensus. GAAP EPS was $1.62, net interest margin 3.04%, and net income $2.81 billion.

Charles Schwab's third-quarter pretax profit margin was 52.7%.

Truist Securities lowered its price target for Charles Schwab from $130.00 to $125.00 per share.

TD Cowen increased its price target for Charles Schwab from $128.00 to $129.00 per share.

Evercore ISI initiated coverage on Charles Schwab with an In-line rating.

Evercore ISI Group began coverage of Charles Schwab with an In-Line rating.

Morgan Stanley increased its price target for Charles Schwab from $136.00 to $141.00 per share.

Charles Schwab plans to dual-list its shares on the Texas Stock Exchange, according to a Bloomberg report.

Charles Schwab plans to add Solana, Avalanche, and Chainlink to its Schwab Crypto platform in the coming months, according to a report.