The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.

Charles Schwab appears to be a high-quality and profitable business, but the market is already pricing in a very high level of expectations. In terms of profitability, the company is strong: ROE of 18.26%, ROA of 1.89%, ROI of 12.86%, and return on tangible equity of 30.10% are noticeably above the industry median, and all of these metrics are improving year by year. Margins are also impressive: net margin of 36.36% and operating margin of 54.07% are rising, which indicates good cost control and a highly efficient business model. At the same time, revenue, operating income, and net income are increasing sequentially, while EBITDA and EPS are also showing steady growth, which supports the fundamental case. The balance sheet overall looks manageable: debt/equity of 0.42 is around the median, and long-term debt does not appear excessive relative to the scale of assets. However, liquidity is weak: a current ratio of 0.62 and a quick ratio of 0.00 indicate low short-term liquidity, which is not critical for a financial company but still limits the valuation. The main restraining factor is the valuation multiples: P/E of 20.39, P/B of 3.62, P/S of 7.43, and P/FCF of 18.55 are significantly above industry medians, meaning the market is paying a premium for quality and resilience. Such a premium is justified by strong return on equity and earnings growth, but it reduces the potential for further re-rating. Dividend yield is currently absent, so shareholder return depends more on earnings growth and possible multiple expansion than on current payouts. Overall, the fundamentals support the company as a high-quality financial asset, but not as an obvious undervalued idea. For an investor, this means SCHW has a strong operating profile, but the current price already reflects a significant portion of these advantages, so the upside potential appears limited.

Charles Schwab Corporation (The)

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, без изменений. Рынок на стороне быков.

Strong index, flat. The market is on the bulls' side.

Средний индекс, незначительно упал. Приток средств в лонги на высоком уровне.

Medium index, slightly down. Inflow of funds into longs at a high level.

SCHW demonstrates strong profitability and growth, but trades at a notable premium to the industry; the fundamentals are solid, however the valuation looks stretched.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Financials ETF (Symbol: IYF) where we have detected an approximate $254.7 million dollar inflow -- that's a 5.8% increase week over week in outstanding units (from 32,750,000 to 34,650,000). Among the largest underlying components of IYF, in trading today Wells Fargo & Co (Symbol: WFC) is up about 1.2%, The Charles Schwab Corporation (Symbol: SCHW) is up about 1.8%, and Standard and Poors Global Inc (Symbol: SPGI) is up by about 2.3%. For a complete list of holdings, visit the IYF Holdings page » The chart below shows the one year price performance of IYF, versus its 200 day moving average:
Looking at the chart above, IYF's low point in its 52 week range is $113.62 per share, with $136 as the 52 week high point — that compares with a last trade of $135.37. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further IYF Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: IYF, WFC, SCHW, SPGI

The Board of Directors of Charles Schwab at its meeting today declared a regular quarterly cash dividend of $0.32 per common share. The dividend is payable August 28, 2026 to stockholders of record as of the close of business on August 14, 2026.
Bank of America today announced that the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.32 per share, up $0.04 from the prior quarter, an increase of 14%. The dividend is payable on September 25, 2026 to shareholders of record as of September 4, 2026.
The Board of Directors of L3Harris Technologies has declared a quarterly cash dividend of $1.25 per common share, payable Sept. 18, 2026, to shareholders of record as of the close of business on Sept. 4, 2026.
Comfort Systems USA, a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services, today announced that its board of directors declared a quarterly dividend of $0.90 per share, which is a $0.10 increase from the Company's most recent dividend, on Comfort Systems USA, Inc. common stock. The dividend is payable on August 24, 2026 to stockholders of record at the close of business on August 13, 2026.
The Board of Directors of Atlantic Union Bankshares has declared a quarterly dividend of $0.37 per share of common stock, which is the same as the second quarter of 2026 and a $0.03, or an 8.8%, increase from the dividend in the third quarter of 2025. Based on the Company's common stock closing price of $42.34 on July 22, 2026, the dividend yield is approximately 3.5%. The common stock dividend is payable on August 21, 2026 to common shareholders of record as of August 7, 2026.
Stanley Black & Decker, a global leader in tools and outdoor solutions, announced today that its Board of Directors approved a $0.01 increase of its quarterly cash dividend to $0.84 per common share. The dividend is payable on Tuesday, September 22, 2026, to shareholders of record as of the close of business on Tuesday, September 8, 2026.
FMC announced that its board of directors declared a regular quarterly dividend of 8 cents per share, payable on October 15, 2026, to shareholders of record as of the close of business on September 30, 2026.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: SCHW,BAC,LHX,FIX,AUB,SWK,FMC

Data is currently not available
Edit My Quotes
Add up to 25 symbols
To add symbols:
Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return.
Copy and paste multiple symbols separated by spaces.
These symbols will be available throughout the site during your session.
Save data
Data is currently not available
Edit My European Quotes
Add up to 25 instruments
To add instruments:
Type a instrument or company name. When the instrument you want to add appears, add it to My European Quotes by selecting it and pressing Enter/Return.
Copy and paste multiple instruments separated by spaces.
These instruments will be available throughout the site during your session.
Save data
Data is currently not available
Your symbols have been updated
You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com.
Continue
Data is currently not available
Edit Watchlist
Add up to 20 symbols
To add symbols:
Type a symbol or company name. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.
Copy and paste multiple symbols separated by spaces.
These symbols will be available throughout the site during your session.
Save data

Schwab (SCHW) Q2 2026 Earnings Call Transcript

Investors in The Charles Schwab Corporation (Symbol: SCHW) saw new options become available today, for the February 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 213 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SCHW options chain for the new February 2027 contracts and identified one put and one call contract of particular interest.
The put contract at the $100.00 strike price has a current bid of $5.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $100.00, but will also collect the premium, putting the cost basis of the shares at $94.30 (before broker commissions). To an investor already interested in purchasing shares of SCHW, that could represent an attractive alternative to paying $102.88/share today.
Because the $100.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.70% return on the cash commitment, or 9.77% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for The Charles Schwab Corporation, and highlighting in green where the $100.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $105.00 strike price has a current bid of $7.35. If an investor was to purchase shares of SCHW stock at the current price level of $102.88/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $105.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.20% if the stock gets called away at the February 2027 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SCHW shares really soar, which is why looking at the trailing twelve month trading history for The Charles Schwab Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing SCHW's trailing twelve month trading history, with the $105.00 strike highlighted in red:
Considering the fact that the $105.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.14% boost of extra return to the investor, or 12.24% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example, as well as the call contract example, are both approximately 30%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $102.88) to be 25%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Further SCHW Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

February 2027 Options Now Available For Charles Schwab (SCHW)

The Charles Schwab Corporation (SCHW) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.88%. A quarter ago, it was expected that this company would post earnings of $1.39 per share when it actually produced earnings of $1.43, delivering a surprise of +2.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Charles Schwab, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $7.07 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.71%. This compares to year-ago revenues of $5.85 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Charles Schwab shares have added about 2.6% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Charles Schwab?
While Charles Schwab has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Charles Schwab was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.63 on $7.09 billion in revenues for the coming quarter and $6.27 on $27.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Stifel Financial (SF), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.
This brokerage and investment banking firm is expected to post quarterly earnings of $1.35 per share in its upcoming report, which represents a year-over-year change of +18.4%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Stifel Financial's revenues are expected to be $1.41 billion, up 9.7% from the year-ago quarter.
Should You Invest in The Charles Schwab Corporation (SCHW)?
Before you invest in The Charles Schwab Corporation (SCHW), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Charles Schwab Corporation (SCHW) Tops Q2 Earnings and Revenue Estimates

(RTTNews) - The Charles Schwab Corporation (SCHW) revealed earnings for its second quarter that Increases, from last year
The company's bottom line totaled $2.681 billion, or $1.54 per share. This compares with $1.977 billion, or $1.08 per share, last year.
Excluding items, The Charles Schwab Corporation reported adjusted earnings of $2.811 billion or $1.62 per share for the period.
The company's revenue for the period rose 20.9% to $7.072 billion from $5.851 billion last year.
The Charles Schwab Corporation earnings at a glance (GAAP) :
-Earnings: $2.681 Bln. vs. $1.977 Bln. last year. -EPS: $1.54 vs. $1.08 last year. -Revenue: $7.072 Bln vs. $5.851 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Charles Schwab Corporation Reveals Increase In Q2 Profit

The following companies are expected to report earnings prior to market open on 07/21/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
The Charles Schwab Corporation (SCHW)is reporting for the quarter ending June 30, 2026. The investment bankers company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.53. This value represents a 34.21% increase compared to the same quarter last year. In the past year SCHW has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 2.88%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for SCHW is 16.25 vs. an industry ratio of 17.10.
Danaher Corporation (DHR)is reporting for the quarter ending June 30, 2026. The medical services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.84. This value represents a 2.22% increase compared to the same quarter last year. In the past year DHR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.19%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for DHR is 24.12 vs. an industry ratio of -18.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Marsh (MRSH)is reporting for the quarter ending June 30, 2026. The business services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.88. This value represents a 5.88% increase compared to the same quarter last year. In the past year MRSH has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 2.49%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MRSH is 17.58 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
3M Company (MMM)is reporting for the quarter ending June 30, 2026. The diversified operations company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.27. This value represents a 5.09% increase compared to the same quarter last year. In the past year MMM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.94%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MMM is 18.29 vs. an industry ratio of 11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Northrop Grumman Corporation (NOC)is reporting for the quarter ending June 30, 2026. The aerospace and defense company's consensus earnings per share forecast from the 7 analysts that follow the stock is $6.84. This value represents a 3.80% decrease compared to the same quarter last year. In the past year NOC has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 0.99%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for NOC is 18.66 vs. an industry ratio of -8.60, implying that they will have a higher earnings growth than their competitors in the same industry.
General Motors Company (GM)is reporting for the quarter ending June 30, 2026. The auto (domestic) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.13. This value represents a 23.72% increase compared to the same quarter last year. In the past year GM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 41.76%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for GM is 5.91 vs. an industry ratio of 29.70.
MSCI Inc. (MSCI)is reporting for the quarter ending June 30, 2026. The finance/investment management company's consensus earnings per share forecast from the 6 analysts that follow the stock is $4.89. This value represents a 17.27% increase compared to the same quarter last year. In the past year MSCI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.41%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MSCI is 31.69 vs. an industry ratio of 14.70, implying that they will have a higher earnings growth than their competitors in the same industry.
D.R. Horton, Inc. (DHI)is reporting for the quarter ending June 30, 2026. The building (residential/commercial) company's consensus earnings per share forecast from the 17 analysts that follow the stock is $2.99. This value represents a 11.01% decrease compared to the same quarter last year. DHI missed the consensus earnings per share in the 3rd calendar quarter of 2025 by -7.6%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for DHI is 14.09 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Halliburton Company (HAL)is reporting for the quarter ending June 30, 2026. The oil (field services) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.54. This value represents a 1.82% decrease compared to the same quarter last year. In the past year HAL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for HAL is 14.92 vs. an industry ratio of -5.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Novartis AG (NVS)is reporting for the quarter ending June 30, 2026. The large cap pharmaceutical company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.20. This value represents a 9.09% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for NVS is 17.57 vs. an industry ratio of 18.80.
KeyCorp (KEY)is reporting for the quarter ending June 30, 2026. The bank company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.42. This value represents a 20.00% increase compared to the same quarter last year. In the past year KEY has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 7.32%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for KEY is 12.94 vs. an industry ratio of 13.60.
Synchrony Financial (SYF)is reporting for the quarter ending June 30, 2026. The financial services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.08. This value represents a 16.80% decrease compared to the same quarter last year. In the past year SYF has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for SYF is 7.88 vs. an industry ratio of 9.70.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for July 21, 2026 : SCHW, DHR, MRSH, MMM, NOC, GM, MSCI, DHI, HAL, NVS, KEY, SYF

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 100 ETF (Symbol: OEF) where we have detected an approximate $129.9 million dollar outflow -- that's a 0.6% decrease week over week (from 54,900,000 to 54,550,000). Among the largest underlying components of OEF, in trading today AT&T Inc (Symbol: T) is up about 2%, Uber Technologies Inc (Symbol: UBER) is off about 2.6%, and The Charles Schwab Corporation (Symbol: SCHW) is lower by about 0.4%. For a complete list of holdings, visit the OEF Holdings page » The chart below shows the one year price performance of OEF, versus its 200 day moving average:
Looking at the chart above, OEF's low point in its 52 week range is $306.18 per share, with $379.02 as the 52 week high point — that compares with a last trade of $368.44. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further OEF Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

OEF, T, UBER, SCHW: Large Outflows Detected at ETF

Charles Schwab SCHW is scheduled to report second-quarter 2026 earnings on July 21, before market open. The company’s quarterly earnings and revenues are expected to have increased on a year-over-year basis.
Schwab’s first-quarter 2026 earnings outpaced the Zacks Consensus Estimate, driven by the solid performance of the asset management business and higher trading revenues. Higher net interest revenues (NIR) and solid brokerage account numbers were other positives.
The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average beat being 3.8%.
The Charles Schwab Corporation Price and EPS Surprise
Before we take a look at what our quantitative model predicts, let us check the factors that are likely to have impacted Schwab’s second-quarter performance.
Factors Likely to Influence Schwab’s Q2 Earnings
Trading Revenues: Client trading activity remained strong in the second quarter of 2026, driven by elevated market volatility amid shifting expectations for artificial intelligence, persistent inflation, ongoing geopolitical tensions and a more hawkish Federal Reserve. These factors fueled increased activity across equities, fixed income, foreign exchange and commodities markets.
Schwab continued to expand its client base, with new brokerage account openings rising in the first two months of the quarter and core net new assets increasing year over year.
Backed by healthy client engagement and a favorable trading backdrop, Schwab is expected to have delivered solid growth in trading revenues. The Zacks Consensus Estimate for trading revenues is pegged at $1.14 billion, indicating a 19.7% year-over-year increase.
NIR: The consensus estimate for SCHW’s average interest-earning assets for the to-be-reported quarter is $446 billion, indicating a year-over-year rise of 5.4%.
In the quarter, the Fed kept interest rates unchanged, while signaling a hike later in the year because of persistently high inflation. This is expected to have created a favorable backdrop for SCHW. Thus, supported by growth in loans and stabilizing funding/deposit costs, the company’s NIR is expected to have been positively impacted.
SCHW’s continued focus on repaying high-cost bank supplemental funding balances is expected to have further supported growth.
The Zacks Consensus Estimate for second-quarter NIR is pegged at $3.28 billion, indicating a rise of 16.1% from the prior-year quarter’s actual.
Asset Management & Administration Fees: Schwab’s asset management and administration fees are expected to have benefited from higher average client assets in the second quarter, supported by favorable equity market performance and continued growth in advisory solutions. In April and May, Schwab’s client assets receiving ongoing advisory services grew from the prior-year periods.
The consensus estimate for asset management and administration fees for the to-be-reported quarter is pegged at $1.81 billion, which implies year-over-year growth of 15.4%.
Expenses: Schwab’s operating expenses have been elevated in the past few quarters. Due to persistent regulatory spending and strategic acquisitions, marketing and advertising, and efforts to enhance business efficiency, expenses are likely to have increased in the to-be-reported quarter. Also, the company’s plan to expand its branch network and hire for branch-related positions is expected to have led to higher expenses.
What the Zacks Model Reveals for Schwab
According to our quantitative model, the chances of Schwab beating the Zacks Consensus Estimate for earnings this time are high. This is because it has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Schwab is +2.30%.
Zacks Rank: The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Q2 Earnings & Sales Estimates for SCHW
In the past seven days, the Zacks Consensus Estimate for second-quarter earnings has been revised marginally higher to $1.52 per share. The figure indicates a 33.3% rise from the year-ago quarter.
The consensus estimate for quarterly sales is pegged at $6.75 billion, which suggests a 15.4% increase from the prior-year quarter. Management expects second-quarter 2026 revenues to increase 16-17% year over year.
Other Finance Stocks Worth Betting on
Here are a couple of other finance stocks that you may want to consider, as these too have the right combination of elements to post an earnings beat in their upcoming releases:
Zions Bancorporation ZION is scheduled to announce second-quarter 2026 results on July 20. The company carries a Zacks Rank #2 (Buy) at present and has an Earnings ESP of +0.53%.
Quarterly earnings estimates for Zions have been unchanged at $1.57 per share over the past week.
The Earnings ESP for Prosperity Bancshares PB is +1.76%, and it carries a Zacks Rank #3 at present. The company is slated to report second-quarter 2026 results on July 29.
Over the past seven days, the Zacks Consensus Estimate for PB’s quarterly earnings has been unchanged at $1.54 per share.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Robust Trading Performance, Higher NIR to Aid Schwab's Q2 Earnings

Key Points
Cboe had a record first quarter, benefiting from the wild market volatility.
It is rolling out new extended trading hours for the Magnificent Seven and other mega-cap stock options.
Is Cboe stock a buy?
Options and derivatives marketplace Cboe Global Markets (NYSEMKT: CBOE) plans to launch new extended trading hours for select multi-exchange mega-cap stock options.
The extended hours will see the market open for options trading for these select stocks at 7:30 a.m. ET, two hours earlier than the major indexes open for trading. It will stay open until 4:15 p.m. ET, 15 minutes past the rest of the markets. This is for Monday through Friday only.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The 20 or so select stocks are all mega-caps, including all the Magnificent Seven stocks -- Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. It also includes big names like Broadcom, Palantir, and Advanced Micro Devices.
This is a huge development for Cboe and the markets in general. Now, for the first time, investors will be able to trade stock options for the Magnificent Seven and other market movers two hours before the market opens. That is beneficial for Cboe. Here's why.
Cboe thrives on volatility
Cboe generates most of its revenue from fees tied to trading on its index. So, the more volatility there is, and the higher the Cboe Volatility Index (VIX) goes, the more revenue Cboe typically generates. So with trading hours extended, it would lead to additional trading and revenue.
In the first quarter, the VIXEQ, Cboe's Constituent Volatility Index, skyrocketed. The VIXEQ measures the volatility of single stocks as opposed to the whole market. The VIXEQ is currently at 50, the highest its been sinced the tariff spike in April 2025 and one of the highest levels in the past five years.
But more importantly, the spread between the VIX and the VIXEQ is at historically wide levels as the VIX is at a pretty normal level -- 15. This means that single stocks are highly volatile, but that voilàtility is masked by a seemingly calm overall VIX.
It is no coincidence that Cboe had a record Q1, with revenue up 29% and earnings up 54% year over year. Options revenue increased 33%, due to a 10% increase in options average daily volume. Transaction and clearing fees for options were up 34%. Equity revenue also set a record, up 18% year over year, with transaction and clearing fees rising 40%.
Cboe stock spiked to an all-time high of $366 per share on May 13, and at that time it was up 46% year to date. It has since come crashing back down on perhaps several factors. There may have been profit-taking, particualrly after the company announced layoffs and volatility appeared to have subsided. Now, Cboe stock is trading at $265 per share, up about 5% YTD.
Cboe Predicts
Cboe is also rolling out a new prediction markets product, in conjunction with Charles Schwab, called Cboe Predicts.
It will allow users to trade on predictions about financial markets. The prediction market product and extended trading hours should help Cboe boost revenue, which could help support revenue when markets are less volatile than they were in Q1.
The VIX has settled down and is back in a more normal range but the VIXEQ is extremely high. With the VIXEQ high, large-cap stocks still overvalued, and geopolitical conflicts ongoing, Cboe stock should be one to keep on your radar.
Cboe stock is trading at a more reasonable level at 22 times earnings. The stock has a median price target of $325 per share, which would represent a 21% increase in price.
Cboe stock might be worth buying at this valuation, because if the market gets wild again, you know youʻll have a stock that thrives on volatility.
Should you buy stock in Cboe Global Markets right now?
Before you buy stock in Cboe Global Markets, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cboe Global Markets wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $395,679!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,294,805!*
Now, it’s worth noting Stock Advisor’s total average return is 929% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft, Nvidia, Palantir Technologies, and Tesla. The Motley Fool recommends Cboe Global Markets. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.