Charles Schwab's momentum story stays intact despite mixed outlook
SCHW•Charles Schwab reported third-quarter revenue of $7.17 billion, below analysts' $7.18 billion estimate. Analysts said strong account growth and asset inflows support its momentum, while near-term net interest margin and revenue growth outlooks are mixed.
1. Analysts weigh outlook
JPMorgan said the setup for 2027 remains constructive, citing asset sensitivity and improved rate dynamics as expected support for earnings growth. Raymond James pointed to account growth and net new asset inflows, while Citizens said organic growth, revenue mix and expense discipline offset slower near-term net interest margin progression. Deutsche Bank said the near-term outlook for net interest margin and revenue growth is mixed, but the longer-term trajectory remains unchanged.
