Charles Schwab announces Texas listing as Charles Schwab stock sits 15.57 percent below its high

Published on 10/05/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 7.07 billion, up 20.90 percent year over year. Charles Schwab stock was EUR 86.23 on October 5, 2026 versus EUR 86.01.

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Charles Schwab stock (ISIN US8085131055) stood 15.57 percent below its USD 114.53 52-week high on October 2, 2026. On October 1, Charles Schwab announced a secondary listing on the Texas Stock Exchange effective October 7, 2026, while retaining its primary New York Stock Exchange listing, according to Charles Schwab.

Texas listing broadens Schwab access

The Texas listing will use the existing SCHW ticker and begin at the market open on October 7, 2026. The company said its primary listing will remain on the New York Stock Exchange, making the move an additional venue rather than a change in its main listing.

The company also scheduled a closing bell ceremony for October 26, 2026. The immediate financial effect is difficult to isolate, but the additional listing reinforces Schwab's connection with Texas, where its headquarters are located.

Second-quarter revenue rose 20.90 percent

Charles Schwab reported USD 7.07 billion of revenue in the second quarter of 2026, up 20.90 percent from the second quarter of 2025, while GAAP net income reached USD 2.68 billion, up 36.00 percent, according to Simply Wall St.

That earnings base gives the October 15, 2026 reporting date greater importance. MarketBeat reported that analysts expected USD 1.67 in earnings per share and USD 7.22 billion in revenue for the third quarter, while the second-quarter figures had exceeded the cited revenue estimate of USD 6.90 billion, according to MarketBeat.

Analyst target remains above the quote

Wells Fargo initiated coverage on October 3, 2026, with an equal weight rating and a USD 105.00 price target, as reported by MarketBeat. The target is 8.58 percent above the USD 96.70 primary-exchange reference price cited for October 2, 2026.

The combination of double-digit revenue growth and a new trading venue gives the stock two distinct near-term reference points: operating performance on October 15 and the Texas listing on October 7. The market's response will show whether those company developments alter the recent gap to the yearly high.

EUR 86.23 in morning trading

At Lang & Schwarz, the stock was trading at EUR 86.23 on October 5, 2026 at 9:14 a.m. CEST, up 0.26 percent versus the prior close of EUR 86.01 on October 2, 2026. The primary listing is on the New York Stock Exchange, where the finance quote showed a USD 83.96 to USD 114.53 52-week range on October 2, 2026.

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