Why Charles Schwab (SCHW) Stock Is Down Today

Charles Schwab (SCHW) is down 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied to a mixed third-quarter earnings reaction. Schwab posted record revenue, earnings, and asset gathering, but investors seem to be focusing on a slight revenue shortfall versus expectations and a less enthusiastic response to net interest revenue trends.

Details:

Schwab released third-quarter 2026 results on October 15, 2026, with adjusted earnings per share of $1.69 and net revenue of $7.171 billion.

The company highlighted record quarterly core net new assets of $190.4 billion, a 38% year-over-year increase, plus total client assets of $13.33 trillion.

Net interest margin improved to 3.04%, while quarterly net interest revenue was $3.476 billion, suggesting that even with improvement, investors may have wanted a stronger contribution from this business line.

This could also be a case of profit-taking after a strong operating print, as the report showed solid growth in trading revenue, bank loans, and new brokerage accounts but did not deliver a clean beat across every closely watched metric.

Sources:

Charles Schwab, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SCHW Insider Trading Activity

$SCHW insiders have traded $SCHW stock on the open market 50 times in the past 6 months. Of those trades, 1 have been purchases and 49 have been sales.

Here’s a breakdown of recent trading of $SCHW stock by insiders over the last 6 months:

CHARLES R. SCHWAB (Co-Chairman) has made 0 purchases and 17 sales selling 1,056,948 shares for an estimated $105,298,187.
WALTER W BETTINGER (Co-Chairman) has made 0 purchases and 6 sales selling 536,494 shares for an estimated $58,021,931.
CAROLYN SCHWAB-POMERANTZ has made 0 purchases and 5 sales selling 82,936 shares for an estimated $8,718,458.
JONATHAN M. CRAIG (MD, Head of Retail Investing) has made 0 purchases and 3 sales selling 65,366 shares for an estimated $6,974,162.
NIGEL J MURTAGH (Chief Risk Officer) has made 0 purchases and 5 sales selling 63,675 shares for an estimated $6,756,696.
DENNIS HOWARD (MD, Chief Tech, OPS & Data Off) has made 0 purchases and 2 sales selling 30,198 shares for an estimated $3,182,043.
RICHARD A WURSTER (President & CEO) purchased 21,959 shares for an estimated $1,849,512
JONATHAN S BEATTY (MD, Head of Advisor Services) has made 0 purchases and 5 sales selling 9,000 shares for an estimated $917,833.
PETER J. III MORGAN (General Counsel) sold 6,952 shares for an estimated $709,341
NEESHA HATHI (MD, Head Wealth Adv, Bnk, Tst) has made 0 purchases and 2 sales selling 6,354 shares for an estimated $689,925.
PAULA A SNEED sold 5,263 shares for an estimated $563,954
FRANK C HERRINGER sold 2,520 shares for an estimated $228,313
ARUN SARIN sold 2,500 shares for an estimated $227,910

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SCHW Hedge Fund Activity

We have seen 1,048 institutional investors add shares of $SCHW stock to their portfolio, and 1,105 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 49,165,186 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,536,471,712
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 9,472,684 shares (+inf%) to their portfolio in Q2 2026, for an estimated $874,044,552
FMR LLC added 8,577,286 shares (+24.0%) to their portfolio in Q2 2026, for an estimated $791,426,179
WELLINGTON MANAGEMENT GROUP LLP added 7,537,489 shares (+1738.3%) to their portfolio in Q2 2026, for an estimated $695,484,110
BANK OF NEW YORK MELLON CORP removed 5,672,785 shares (-35.1%) from their portfolio in Q2 2026, for an estimated $523,427,871
PRICE T ROWE ASSOCIATES INC /MD/ removed 5,345,090 shares (-11.0%) from their portfolio in Q2 2026, for an estimated $493,191,454
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 4,680,363 shares (+158.5%) to their portfolio in Q2 2026, for an estimated $431,857,094

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SCHW Price Targets

Multiple analysts have issued price targets for $SCHW recently. We have seen 5 analysts offer price targets for $SCHW in the last 6 months, with a median target of $122.0.

Here are some recent targets:

Benjamin Budish from Barclays set a target price of $122.0 on 07/09/2026
Michael Brown from UBS set a target price of $122.0 on 07/08/2026
Patrick Moley from Piper Sandler set a target price of $105.0 on 05/15/2026
Patrick O'Shaughnessy from Raymond James set a target price of $137.0 on 05/15/2026
Bill Katz from TD Cowen set a target price of $109.0 on 05/15/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.