BofA raises target for Charles Schwab stock from USD 91 to USD 95
Published on 10/06/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Charles Schwab (ISIN US8085131055) faces a lower valuation ceiling from BofA Securities, which raised its price target from USD 91 to USD 95 on October 5, 2026 while maintaining an Underperform rating. The revision arrives before the company's third-quarter report and leaves the target below the latest NYSE quote in the source report.
BofA lifts target before results
According to Investing.com on October 5, 2026, BofA increased its 2026 earnings-per-share estimate to USD 6.49 from USD 6.43 and reduced its third-quarter estimate to USD 1.66 from USD 1.67. The bank tied the revision to a higher net interest revenue forecast after the September rate hike.
The same report put BofA's 2028 earnings-per-share estimate at USD 8.60, up from USD 8.28, while its new USD 95 target used an unchanged 11-times valuation multiple. That combination points to a cautious view on valuation even as the earnings model improves.
Second-quarter revenue rose 21 percent
Charles Schwab reported USD 7.07 billion of revenue in the second quarter of 2026, up 21 percent from USD 6.13 billion in the second quarter of 2025, according to Simply Wall St. Net income reached USD 2.68 billion, up 36 percent year over year, while earnings per share increased to USD 1.55 from USD 1.09.
The operating picture therefore remains stronger than the target change alone suggests. Schwab's revenue growth and higher earnings give the upcoming report a clear benchmark, while BofA's lower third-quarter earnings estimate highlights sensitivity to client cash balances and interest-related revenue.
Third-quarter report is dated October 15
Benzinga reported that Charles Schwab plans to release third-quarter 2026 results before the market opens on October 15, 2026. The consensus cited in the report calls for earnings of USD 1.67 per share and revenue of USD 7.21 billion, compared with USD 1.31 per share and USD 6.13 billion in the year-ago quarter.
Schwab is also extending its digital service offering. Simply Wall St reported on October 1, 2026 that the company introduced Charley, a generative artificial intelligence assistant for eligible U.S. retail clients, with a phased rollout covering account information, market data and selected service tasks.
Euro quote gains 0.70 percent
Charles Schwab was trading at EUR 87.72 at Lang & Schwarz on October 6, 2026 at 11:32 a.m. CEST, plus 0.70 percent versus the prior close of EUR 87.11. On the NYSE, the stock was last at USD 97.96 on October 5, 2026 at 4:00 p.m. ET. 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 6, 2026 at 11:32 a.m. CEST: EUR 87.72
- Change versus prior close: plus 0.70 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 87.11
- Market capitalization: USD 170.4 billion as of October 5, 2026
- 52-week range: USD 83.96-114.53 as of October 5, 2026
- Sector / Industry: Financial Services / Financial - Capital Markets
- Index membership: S&P 500
- Next earnings date: October 15, 2026
