Charles Schwab Stock (SCHW) Holds $100 Level Heading Into Earnings: What to Expect

Charles Schwab stock (NYSE:SCHW) is trading at $101.53 into earnings, having fallen 2.70% during Tuesday's session.  This move saw the SCHW stock price give back the gains of 2026 so far, to sit 0.57% lower YTD, albeit off the back of a solid 2025 that see's the stock ~25% higher on a 1 year basis. With earnings due up before the opening bell, what is expected?

The street is expecting an earnings per share (EPS) of $1.39, a solid improvement on the $1.01 this time last year. Revenue expectations are pegged at $6.37 billion, reflecting a 19.57% Y/Y sales growth rate.

Schwab's stock has traded within a 52-week range of $65.88 to $104.98, highlighting the considerable volatility experienced over the past year. The current price places the stock near the upper end of this range, suggesting a degree of optimism tempered by recent market jitters. The 50-day simple moving average (SMA) stands at $96.95, while the 200-day SMA is at $91.92. These moving averages provide context for the stock's recent upward trend and potential support levels.

Several recent developments have significantly influenced investor sentiment toward Schwab. TD Bank's complete divestiture of its 10.1% stake in Schwab, totaling approximately 184.7 million shares, created initial downward pressure. The announcement of TD's exit in February 2025 led to a 3% decline in Schwab's stock price, reflecting concerns over potential market overhang.

Following TD's announcement, Schwab finalized a $13.1 billion secondary offering of its common stock previously held by TD Group US Holdings LLC. The transaction involved the sale of 165,443,530 shares at $79.25 per share. While Schwab did not receive proceeds from this offering, the event marked a significant shift in the company's shareholder structure.

In a strategic move to expand its service offerings, Charles Schwab announced the acquisition of Forge Global Holdings, Inc., a leading private market platform, for approximately $660 million in November 2025. This acquisition aims to democratize access to private markets, potentially attracting a broader client base and enhancing Schwab's competitive edge.

Analysts have adjusted their outlook on Schwab, with TD Cowen raising its price target to $129.00 from $126.00 in July 2025, maintaining a “Buy” rating. This adjustment followed the company's announcement of a new $20 billion share repurchase program, replacing a prior $15 billion program. The new buyback authorization signals confidence in Schwab's financial health and commitment to returning value to shareholders.

Throughout 2025, Charles Schwab experienced increased trading activity and client engagement. In February, the company reported a 44% jump in core net new assets to $48 billion and the 15th consecutive month of at least 300,000 new account openings. This growth underscores Schwab's strong market position and ability to attract and retain clients.

Based on options data, the implied volatility for SCHW is 30.51%, with an expected move of approximately $4.13 (±3.98%) over the next five days. This suggests a potential trading range between $99.69 and $107.95 for the week.

Looking ahead, Schwab's earnings report will be closely scrutinized for indications of continued growth in net new assets, the impact of interest rate fluctuations on net interest margin, and progress in integrating the Forge Global acquisition. Management's guidance on future revenue and expense trends will also be crucial in shaping market expectations.

The stock's ability to hold above the $100 level heading into earnings reflects a degree of underlying strength, but also highlights the inherent uncertainty surrounding the financial results. A positive earnings surprise, coupled with optimistic guidance, could propel the stock toward the upper end of its implied trading range. Conversely, a disappointing report could trigger a pullback toward the lower end.