Goldman Sachs cuts target for Charles Schwab stock to USD 117.00
Published on 10/16/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and valuation
- Goldman Sachs lowered its Charles Schwab target from USD 122.00 to USD 117.00 on October 16, 2026.
- Third-quarter revenue reached USD 7.17 billion, compared with USD 7.07 billion in the second quarter of 2026.
- Charles Schwab stock costs EUR 84.37 at Lang & Schwarz on October 16, 2026 at 3:15 p.m. CEST.
- Charles Schwab had a P/E ratio of 16.07 and a market capitalization of USD 162.8 billion as of October 15, 2026.
Goldman Sachs cut its target for Charles Schwab from USD 122.00 to USD 117.00 on October 16, 2026, while maintaining a Buy rating, according to Investing.com. The revised target stands 24.26 percent above the last NYSE price of USD 94.16 on October 15, 2026. Charles Schwab stock was trading at EUR 84.37 at Lang & Schwarz on October 16, 2026 at 3:15 p.m. CEST.
Third-quarter revenue sets the scale
Charles Schwab generated USD 7.17 billion in revenue in the third quarter of 2026, compared with USD 7.07 billion in the second quarter. The quarter-on-quarter increase was 1.40 percent. Net income reached USD 2.91 billion in the third quarter, up from USD 2.80 billion in the second quarter, while diluted earnings per share rose to USD 1.62 from USD 1.54.
Stock position inside the yearly range
The primary-market quote was last at USD 94.16 on the NYSE on October 15, 2026 at 4:00 p.m. ET. The 52-week range was USD 83.96 to USD 114.53 as of that date, placing the price USD 20.37 below the high and USD 10.20 above the low. Trading volume was 18,541,040 shares against an average volume of 8,120,560 shares.
Valuation and peer comparison
Charles Schwab had a market capitalization of USD 162.8 billion, a P/E ratio of 16.07 and a dividend yield of 1.00 percent as of October 15, 2026. The analyst target of USD 117.00 from Goldman Sachs provides a separate valuation reference in the same currency.
Comparison with peers
Charles Schwab (NYSE, USD): P/E 16.07, market capitalization USD 162.8 billion.
BlackRock (NYSE, USD): plus 4.38 percent, P/E 25.48, market capitalization USD 173.6 billion.
Interactive Brokers (Nasdaq, USD): plus 2.25 percent, P/E 33.09, market capitalization USD 151.2 billion.
What the target says about valuation
Goldman Sachs' revised USD 117.00 target remains above the latest NYSE price, but the cut from USD 122.00 shows that the earnings outlook is being assessed against a lower benchmark. The third-quarter revenue increase of 1.40 percent from the prior quarter gives the stock a concrete operating measure alongside the market valuation.
Price and investor reference
Charles Schwab stock was trading at EUR 84.37 at Lang & Schwarz on October 16, 2026 at 3:15 p.m. CEST.
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 16, 2026, 3:15 p.m. CEST): EUR 84.37
- Market capitalization: USD 162.8 billion (as of October 15, 2026)
- 52-week range: USD 83.96-114.53 (as of October 15, 2026)
- Sector / Industry: Financials / Capital Markets
