BMO cuts target for Charles Schwab stock from USD 105 to USD 97

Published on 10/21/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO Capital cut its target from USD 105 to USD 97 on October 19, 2026. Charles Schwab stock costs EUR 81.28 on October 21, 2026 in Berlin trading.

Target cut and quarterly growth

BMO Capital lowered its Charles Schwab target from USD 105 to USD 97 on October 19, 2026.
Third-quarter revenue reached USD 7.17 billion, up 17.00 percent year over year.
Charles Schwab stock trades at EUR 81.28 at 11:39 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Charles Schwab stock (ISIN US8085131055) faces a USD 97 target from BMO Capital after the firm cut its USD 105 target on October 19, 2026, according to Markets Insider. At Lang & Schwarz, the stock was trading at EUR 81.28 on October 21, 2026 at 11:39 a.m. CEST.

Why did BMO cut its target?

BMO Capital kept a Market Perform view while reducing the target from USD 105 to USD 97. The research note cited concerns about the funding base and the expected path of net interest margin, according to Markets Insider.

The target revision contrasts with Charles Schwab's latest operating figures. In the third quarter of 2026, net revenues reached USD 7.17 billion, a 17.00 percent increase from USD 6.14 billion in the third quarter of 2025. GAAP net income rose to USD 2.91 billion from USD 2.36 billion, while diluted earnings per share increased to USD 1.62 from USD 1.26, according to the company's Charles Schwab release dated October 15, 2026.

Three dates that shaped the stock

On October 15, 2026, Charles Schwab reported third-quarter revenue of USD 7.17 billion and adjusted earnings per share of USD 1.69, according to Charles Schwab. On October 16, 2026, Truist lowered its target from USD 125 to USD 112, according to Markets Insider. On October 19, 2026, BMO Capital cut its target from USD 105 to USD 97 while retaining Market Perform.

What date comes next?

The next reporting date is January 19, 2027, according to TradingView. For investors, the key tension is clear: third-quarter revenue grew 17.00 percent year over year, while target cuts have focused attention on funding and margin sensitivity.

Stock trades during the session

Charles Schwab stock was trading at EUR 81.28 at Lang & Schwarz on October 21, 2026 at 11:39 a.m. CEST. The primary listing is on the NYSE, where the finance profile identifies the company under ticker SCHW and places it in financial services and financial capital markets.