Charles Schwab stock gains 1.06 percent as Texas listing nears

Published on 10/05/2026 at 20:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Charles Schwab stock was at USD 97.72 on October 5, while a Texas Stock Exchange listing is set for October 7. Q2 revenue reached USD 7.1 billion.

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Charles Schwab stock (ISIN US8085131055) was trading at USD 97.72 on the NYSE on October 5, 2026, up 1.06 percent, as the brokerage prepares a second U.S. listing. The move gives investors a concrete near-term event: Schwab will start trading on the Texas Stock Exchange on October 7 while keeping the NYSE as its primary venue, according to Business Wire on October 1, 2026.

Texas listing adds a near-term event

The secondary listing will use the existing SCHW ticker and gives Schwab a presence on the new Texas venue without changing the primary listing. The company said the shares will begin trading at the TXSE market open on October 7, 2026, while a separate closing bell ceremony is scheduled for October 26, 2026, according to Business Wire.

The immediate financial effect is not quantified in the announcement, so the market case still rests mainly on Schwab's operating momentum and the upcoming third-quarter report. The next earnings date is October 15, 2026, before the U.S. market open, according to Gekko.

Q2 revenue rose 21 percent

Schwab's second-quarter 2026 performance provides the stronger operating anchor. Total revenue reached USD 7.1 billion, up 21 percent from the year-earlier quarter, while adjusted EPS rose 42 percent year over year to USD 1.62, according to the company's July 21, 2026 earnings call transcript published by Yahoo Finance.

Management also outlined 2026 revenue growth of 17.5 percent to 18.5 percent and a full-year net interest margin of 3 percent to 3.10 percent. The figures matter because Schwab is converting client activity, lending demand and trading volumes into both growth and a wider earnings base.

Analysts keep a mixed signal

The analyst picture combines a broad positive consensus with a fresh valuation counterpoint. MarketBeat reported on October 3, 2026, that 22 analysts carried a Moderate Buy consensus and an average price target of USD 119.37. That average target lies 22.2 percent above the October 5 price of USD 97.72.

On October 5, 2026, BofA Securities raised its target from USD 91 to USD 95 but retained an Underperform rating, according to Investing.com. The target remains below the market price, highlighting the divide between Schwab's strong reported growth and concerns about how much of that improvement is already reflected in the shares.

Stock remains below its yearly high

At USD 97.72 on the NYSE on October 5, 2026, Charles Schwab stock was USD 16.81 below its 52-week high of USD 114.53 and USD 13.76 above its 52-week low of USD 83.96. Market capitalization stood at USD 170.0 billion, with trading volume at 2,487,359 shares.