SCHW

Charles Schwab reported record quarterly net revenue of $7.2 billion and adjusted EPS of $1.69 in Q3 2026. The company highlighted three key drivers: AI-powered developer productivity gains of 25%, record organic inflows of $190 billion in core net new assets, and high-margin secured lending growth with bank lending up 35% year-over-year to $72.3 billion. Management expects positive trends to continue through Q4, positioning the firm for multiyear growth.

Charles Schwab reported Q3 2026 adjusted EPS of $1.69, beating estimates of $1.66 with 29% year-over-year growth. However, revenues of $7.17B missed expectations of $7.19B, causing shares to decline 4.5% in pre-market trading.

Positive drivers included record core net new assets of $190.4B (up 38%), higher net interest revenues (+14% to $3.48B), and increased trading revenues (+16% to $1.16B). Headwinds included rising expenses (+9% to $3.24B) and concerns about revenue sustainability amid uncertain interest rates.

Charles Schwab reported Q3 2026 earnings of $1.69 per share, beating consensus estimates of $1.66, with revenues of $7.17 billion slightly missing expectations. The stock has underperformed the S&P 500 by 16% year-to-date and carries a Zacks Rank #3 (Hold) rating. LPL Financial Holdings is expected to report earnings on October 27 with projected EPS of $5.69, up 9.4% year-over-year.