Why Charles Schwab stock moves
Charles Schwab fell on Friday, moving against a market that rose slightly.
Written after the close on ·
Why today
17,381 news analyzed todayCharles Schwab fell on Friday, moving against a market that rose slightly.
Insider share sales are background, not the cause.
No company news explains it.
Over the last five trading days the stock rose clearly, a big move for it, while the S&P 500 fell sharply.
Today's move of −1.18% was 1.2 times a normal day's 1.0%. S&P 500 moved +0.31% on the same day.
Charles Schwab −1.18%S&P 500 +0.31%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Charles Schwab.
Charles Schwab earned more than expected in 7 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 2 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $91.49
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $1.72 (January 21). For the current fiscal year, expected earnings per share changed from $6.49 three months ago to $6.45 now. 2026 estimate: $6.45. 2027 estimate: $7.80.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +35% and earnings per share +56%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): $158.2BRevenue 2025: $23.9B
What the key figures say about Charles Schwab
The figures connect what Charles Schwab earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $2.54–$4.65. Peers: Goldman Sachs Group $69.55, Morgan Stanley $12.61, Robinhood Markets $2.17. 2026 estimate: $6.45 ($6.31–$6.52). 2027 estimate: $7.80 ($7.12–$8.23).
What the company sold during the year.
2022–2025: $18.8B–$23.9B. Peers: Goldman Sachs Group $71.0B, Morgan Stanley $79.8B, Robinhood Markets $5.1B. 2026 estimate: $28.1B ($27.8B–$28.2B). 2027 estimate: $31.6B ($28.1B–$32.8B).
Profit as a percentage of shareholders’ money in the company.
2022–2025: 11.3%–18.1%. Peers: Goldman Sachs Group 17.7%, Morgan Stanley 18.0%, Robinhood Markets 21.5%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 21.5–27.1. Peers: Goldman Sachs Group 12.4, Morgan Stanley 14.4, Robinhood Markets 37.3. 2026 estimate: 14.2. 2027 estimate: 11.7.
What investors pay for each unit the company sells.
2022–2025: 6.66–7.43. Peers: Goldman Sachs Group 3.52, Morgan Stanley 3.55, Robinhood Markets 14.34. 2026 estimate: 5.63. 2027 estimate: 5.00.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $0.32–$1.08.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 1.0%–1.5%. Peers: Goldman Sachs Group 2.3%, Morgan Stanley 2.5%, Robinhood Markets 0.0%.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 2.80–4.21. Peers: Goldman Sachs Group 2.36, Morgan Stanley 2.65, Robinhood Markets 7.29.
Cash left after investments, divided by the number of shares.
2022–2025: $0.59–$10.36.
The percentage of assets financed by shareholders’ equity.
2022–2025: 6.6%–10.1%.
The dividend explained
A dividend is money paid to shareholders. Charles Schwab paid $1.23 per share in the twelve months through November 6, 2026.
On the ex-dividend day, August 14, 2026, Charles Schwab traded without the right to the $0.32 dividend. The price went from $110.06 to $111.09; including the dividend, the day's change was +1.2%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $0.322018: $0.462019: $0.682020: $0.722021: $0.722022: $0.842023: $1.002024: $1.002025: $1.082026 so far: $0.96
What to watch next, and why
From the ex-day, Charles Schwab trades without entitlement to the next dividend.
- The dividend explained
From the ex-day, Charles Schwab trades without entitlement to the next dividend.
- Earnings report
The earnings report shows how Charles Schwab's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Charles Schwab usually moved about 2.5%. On a normal day it moves 1.0%.
−2.73% Why? −2.52% −7.63% +0.79%
$10,000 in Charles Schwab bought on November 7, 2016 is worth $32,200 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in Charles Schwab be worth today? →
What would $10,000 in Charles Schwab be worth today?
$32,200
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
The five biggest days of the journey
· +19.1% · the whole market rose 9.3% the same day
· −12.8% · the whole market fell 1.8% the same day
· +12.6% · the whole market rose 0.7% the same day · report day
· −12.3% · the whole market fell 9.5% the same day
· −11.7% · the whole market fell 1.4% the same day
Earlier days
+3.91% market −2.70% Charles Schwab rose clearly over the week, moving against a sharply falling S&P 500 and outpacing its sector. Read →
Charles Schwab rose clearly over the week, moving against a sharply falling S&P 500 and outpacing its sector.
The move was big for the company, about twice its normal five-day swing, and the shares were not far below their yearly high.
Company news in the period was mostly routine: a co-chairman's stake sale, which is background rather than a cause, and an insider sale plan.
Analysts' estimate updates and the Q3 earnings call on Tuesday 3 November also informed sentiment.
−0.85% market −4.41% Charles Schwab fell, moving less than the market, which fell sharply. Read →
Charles Schwab fell, moving less than the market, which fell sharply.
It rose clearly over the last five trading days while the S&P 500 fell very sharply, so it moved against the market.
The Financial Services sector ETF also rose slightly over that period, so Schwab outpaced its sector.
The move was an ordinary one for Schwab, but trading volume was about twice a normal session.
Several items came out in the last session, including a business update, an AI and adviser strategy story and a custody fee stance, which are likely part of the wider picture.
+4.58% market +1.65% Charles Schwab rose without a company-news explanation. Read →
Charles Schwab rose without a company-news explanation.
Its move was stronger than the S&P 500, which rose sharply over the same day, so it moved apart from the market.
Over the last five trading days, the stock rose sharply while the S&P 500 fell slightly, and the financial services sector rose very sharply.
Likely drivers are the strong sector rally and heavier-than-usual trading, since no company news from that session explains the jump.
Next, the company reports earnings on Thursday 21 January 2027.
+0.75% market −0.48% Charles Schwab rose slightly without company news. Read →
Charles Schwab rose slightly without company news.
Over the same session the S&P 500 fell slightly, so Schwab moved against the broader market.
Over the last five trading days Schwab fell slightly while the S&P 500 fell clearly and the financial sector ETF rose sharply, so Schwab moved less than the market and against its sector.
The latest close sits well below its high from late August and above its low from late May.
Schwab's next earnings report is due on Thursday, 21 January 2027.
−1.59% market −1.77% Charles Schwab fell, moving in line with the broader market. Read →
Charles Schwab fell, moving in line with the broader market.
Trading was about twice its usual level, and the stock fell more than its sector.
Its co-chairman's stock sale and news on expanding retail access to IPOs came out that day, but these are not proven causes.
The stock had a sharp move with heavy trading, and no single event clearly explains it.
Its next earnings report is on 21 January 2027.
−2.79% market −0.56% Charles Schwab fell clearly over the week, more than the broader market, which dipped slightly. Read →
Charles Schwab fell clearly over the week, more than the broader market, which dipped slightly.
Its sector ETF rose a little, so the stock moved against its peers.
The clearest company news was a CEO comment that retail investors should get wider access to IPOs, and a co-chairman's share sale, which is background only.
Trading was heavy, about twice a normal session, on the last day's sharp drop.
+0.80% market −0.38% Charles Schwab rose slightly without company news. Read →
Charles Schwab rose slightly without company news.
Over the same session the S&P 500 fell slightly, so Schwab moved against the market.
The stock's move was an ordinary one for Schwab, within its usual daily range, and trading volume was around its usual level.
Over the last five trading days Schwab fell clearly, while the S&P 500 and its sector ETF both rose slightly.
Its next earnings report is due Thursday 21 January 2027.
−0.48% market +0.56% Charles Schwab fell slightly, against a rising market. Read →
Charles Schwab fell slightly, against a rising market.
In the last session, Charles Schwab fell slightly while the S&P 500 rose clearly, so it moved against the market.
The move was an ordinary one for Charles Schwab, and it stayed within its usual daily range.
Over the last five trading days, Charles Schwab fell slightly while the market and its sector were roughly flat.
−0.94% market +0.71% Charles Schwab fell, while the S&P 500 rose clearly. Read →
Charles Schwab fell, while the S&P 500 rose clearly.
No company news from that session clearly explains the drop.
Over the last five trading days the stock was roughly unchanged, as the market was too.
The fall was against the market, and the stock traded within its usual daily range.
Its dividend declarations and the Nevis investment from that session are minor and do not clearly explain the move.
−0.94% market −0.52% Charles Schwab fell clearly without a company-news explanation. Read →
Charles Schwab fell clearly without a company-news explanation.
The S&P 500 also fell clearly that day, so the stock moved in line with the broad market, while the financial sector fell sharply.
No company news from that session clearly explains the drop, so the move looks mostly market-driven.
The stock's moves were within its usual daily range, so it was an ordinary trading day for Charles Schwab.
Over the last five trading days, the shares fell slightly, a bit more than the market, while the sector ETF rose slightly.
−1.50% market −0.43% Charles Schwab fell slightly over the last five trading days, a little more than the S&P 500 did. Read →
Charles Schwab fell slightly over the last five trading days, a little more than the S&P 500 did.
Its sector ETF rose slightly over the same days, so the stock moved against its sector.
Analysts at Morgan Stanley cut their price target, the share price they see as fair, to $132 from $141 on Tuesday and Wednesday, which likely weighed on sentiment.
Autonomous Research also cut its target, to $98 from $107.
−0.22% market −1.18% Charles Schwab was roughly flat, as the S&P 500 fell sharply. Read →
Charles Schwab was roughly flat, as the S&P 500 fell sharply.
Schwab moved much less than the broad market that day.
Over the last five trading days, Schwab fell clearly while the S&P 500 fell only slightly and the financial sector ETF rose sharply.
Schwab moved against its sector, and analyst price target cuts, such as Morgan Stanley's, likely weighed on the shares.
Next, watch the quarterly dividend of $0.32 per share and the next earnings report in January.
−2.59% market +0.42% Charles Schwab fell sharply, and no company news explains the move. Read →
Charles Schwab fell sharply, and no company news explains the move.
The S&P 500 rose slightly that day, so Schwab moved against the broader market.
Its sector also fell clearly, so Schwab dropped more than its peers.
The news from that session covers an ETF addition, golf playoffs and an analyst's view on AI and cash.
Over the last five trading days, Schwab fell very sharply, a move about four times its normal size for a five-day stretch.
−2.34% market −1.11% Charles Schwab fell sharply, moving more than the broader market while its sector edged higher. Read →
Charles Schwab fell sharply, moving more than the broader market while its sector edged higher.
Over the last five trading days the stock fell sharply while the sector rose clearly, so the selling was specific to Schwab rather than a broad financials move.
Investors will likely watch analyst revisions and the next earnings report, due 21 January 2027.
−2.73% market +0.28% Charles Schwab Corporation fell sharply after reporting third-quarter results. Read →
Charles Schwab Corporation fell sharply after reporting third-quarter results.
Charles Schwab is a large US brokerage and bank, and the drop came on the day it released quarterly results that beat analysts' expectations.
Investors appear to have focused on higher interest rates weighing on the business and on signs that funding trends are shifting, which often pressures the shares even when earnings look strong.
The market rose slightly that day and the financial sector ETF (an exchange-traded fund that tracks a basket of sector stocks) rose sharply, so the decline was specific to the company's own reaction to the report.
Over the last five trading days the stock fell clearly while the S&P 500 was roughly flat, so the weakness has been ongoing.
Learn more · Why does a stock fall on the ex-dividend date? · Why do stocks go up and down?