Barclays keeps Buy rating for Charles Schwab stock at USD 118 target
Published on 10/09/2026 at 15:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Barclays maintained a Buy rating and set a USD 118.00 target for Charles Schwab on October 7, 2026.
- Charles Schwab agreed to sell Forge Trust to Alto on October 6, 2026, creating a platform with more than USD 20.0 billion in assets.
- Charles Schwab stock was trading at EUR 86.88 at Lang & Schwarz on October 9, 2026, plus 0.68 percent versus EUR 86.29.
Charles Schwab (ISIN US8085131055) received a USD 118.00 price target from Barclays on October 7, 2026, which maintained its Buy rating, according to Business Insider. The latest corporate move came on October 6, 2026, when Schwab agreed to sell Forge Trust and its parent to Alto, according to Alto.
Three events reshape the strategy
On November 5, 2025, Schwab announced a USD 660.0 million agreement to acquire Forge Global, according to InvestmentNews. The acquisition closed on March 2, 2026, according to TradeInformer.
On July 21, 2026, Schwab reported second-quarter revenue of USD 7.07 billion and adjusted earnings per share of USD 1.62, versus consensus of USD 6.90 billion and USD 1.56, according to MarketBeat. On October 6, 2026, the Forge Trust sale became the latest strategic step.
What does the Forge sale change?
Alto said the combined platform would have more than USD 20.0 billion in assets under custody and administration, more than 60,000 self-directed individual retirement accounts holding private-market assets, and more than 3 million custody-as-a-service accounts, according to Alto. The transaction therefore separates a specialized custody operation from Schwab while preserving its broader exposure to private-market infrastructure through Forge Global.
For investors, the contrast is measurable: second-quarter revenue reached USD 7.07 billion, 2.46 percent above the USD 6.90 billion consensus, while the Forge transaction is defined by platform scale rather than a disclosed purchase price. The strategic read-through is portfolio focus, not a change to Schwab's core brokerage and banking model.
October earnings set the next test
Charles Schwab is scheduled to report third-quarter results before the open on October 15, 2026, according to Charles Schwab. The second-quarter comparison gives that report a clear benchmark: adjusted earnings per share of USD 1.62 against USD 1.56 expected and revenue of USD 7.07 billion against USD 6.90 billion expected.
Stock price and investor reference
Charles Schwab stock was trading at EUR 86.88 at Lang & Schwarz on October 9, 2026 at 3:03 p.m. CEST, up 0.68 percent versus the Lang & Schwarz prior close of EUR 86.29. The primary listing is on the NYSE, where the stock was last at USD 96.87 on October 8, 2026 at 4:00 p.m. ET; the 52-week range was USD 83.96 to USD 114.53 and market capitalization was USD 168.5 billion.
The further course of trading is shown by the continuously updated real-time quote of Charles Schwab stock.
Charles Schwab stock facts
- Company: The Charles Schwab Corporation
- ISIN: US8085131055
- Ticker: SCHW
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 9, 2026, 3:03 p.m. CEST: EUR 86.88
- Change versus prior close: plus 0.68 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 86.29
- Market capitalization: USD 168.5 billion as of October 8, 2026
- 52-week range: USD 83.96-114.53 as of October 8, 2026
