Charles Schwab Corp.
SCHW - Insider Information
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+ FollowMarket Cap$157.91B
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Earnings Call Q3 2026
October 15, 2026 - AI Summary
Record growth + operating leverage (good):
- 3Q 2026 total net revenues: $7.2B, +17% YoY (record).
- Adjusted EPS: $1.69, +29% YoY (record).
- Adjusted pre-tax profit margin: 54.8%, up ~350 bps YoY (≈ +3.5% margin expansion).
- Client engagement drove costs (expenses +$9% YoY to ~$3.2B) but efficiency still helped—management expects continued reinvestment of efficiency savings.
Net interest margin (NIM) & earnings outlook (forecast):
- 3Q net interest revenue: nearly $3.5B, +14% YoY.
- Management expects NIM to expand in 4Q and into 2027, supported by higher rates and secured lending growth.
- 4Q NIM guidance (relative to 4Q25): ~+25 to +30 bps YoY.
- For full-year 2026: expects strong full-year revenue growth and NIM expansion; with one quarter left, revenue/NIM expected toward the lower end of the prior ranges (but expenses also expected toward the low end).
- 2026 operating leverage: expects ~800 bps positive, ~double what was expected earlier in the year.
Balance sheet / lending-driven mix shift (good, with nuance):
- Margin balances: $187.9B at quarter end; bank loans: $72.3B, +35% YoY (notably Pledged Asset Line).
- Deposits trend: management acknowledged deposits have been pressured through the year (question raised by analysts), but they emphasized cash builds from net new assets and seasonal inflows.
- Cash dynamics (surprising to some but explained): transactional sweep cash: $492.8B, up $7.1B QoQ in 3Q; explained as improving sentiment + IPO activity driving cash back into markets, while still expecting organic cash build and seasonal pickup from mid-November onward.
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$68.66
26.5% downside
Current Fair Value
26.5% downsideOvervalued by 26.5% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $157.91 Billion |
|---|---|
| Enterprise Value | $158.01 Billion |
| Annual dividend | $1.23 |
| Dividend yield | 1.40% |
| Earnings per Share | $4.68 |
| Beta | 0.78 |
| Outstanding Shares | 1,728,000,000 |
Return
| Return on Equity | 343.24% |
|---|---|
| Return on Assets | 259.29% |
| Return on Invested Capital | 349.10% |
Valuation & Multiples
| P/E Ratio | 14.95 |
|---|---|
| PEG | 64.32 |
| Price to Sales | 5.49 |
| Price to Book Ratio | 93.37 |
| Enterprise Value to Revenue | 5.21 |
| Enterprise Value to EBIT | 11.44 |
| Enterprise Value to Net Income | 14 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.14 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 15, 2026
EPS Estimate
$1.65
Consensus analyst estimateRevenue Estimate
$7.18 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 20, 2027
EPS Estimate
$1.72
Consensus analyst estimateRevenue Estimate
$7.40 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.16, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.1600▼ 97.73% |
|---|---|
| Total Calls | 2,500▼ 99.98% |
| Total Puts | 400▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.34%▼ 78.73% |
|---|---|
| Total Invested | $7.35B▼ 94.54% |
| Investors Holding | 976▼ 1441.00% |
About Charles Schwab Corp.
2,020 employees
CEO: Walter Bettinger
The Charles Schwab Corporation, along with its affiliated entities, delivers a broad spectrum of financial services. These offerings include client wealth management, securities brokerage, banking solutions, investment oversight, asset c...