Charles Schwab (NYSE: SCHW) Reports Strong Q2 Earnings and Positive Analyst Outlook

• Analyst firm Piper Sandler raised its price target for Schwab to $118, signaling a positive market outlook for the financial services giant.
• The company achieved record second-quarter financial results, with total revenues of $7.07 billion and adjusted earnings per share (EPS) of $1.62.
• Strong client engagement led to the addition of 1.4 million new brokerage accounts and $120 billion in core net new assets.

The Charles Schwab Corporation (NYSE: SCHW) is a major American financial services company. It provides banking, commercial banking, investing, and related services to both retail and institutional clients. Schwab operates in a competitive landscape with other large brokerage firms like Fidelity Investments and Vanguard.

On July 21, 2026, an analyst from Piper Sandler increased their price target for Schwab to $118. At the time of the update, the stock was trading at $100.59. This new target suggests a potential increase of 17.31% from the price when the target was announced, reflecting a positive outlook on the company's future stock performance.

This optimism is supported by the company's record second-quarter financial results. As reported by Business Wire, Schwab announced record quarterly revenue and earnings. The company generated total revenues of $7.07 billion and achieved adjusted earnings per share (EPS) of $1.62, which is a 42% increase from the previous year.

The company's growth is also driven by strong client activity. During the quarter, Schwab added 1.4 million new brokerage accounts and brought in $120 billion in core net new assets. President and CEO Rick Wurster noted this asset growth is up nearly 50% year over year, showing strong momentum in attracting new clients and investments.

Furthermore, Schwab surpassed analyst expectations. The company's quarterly earnings of $1.62 per share exceeded the Zacks Consensus Estimate of $1.53. As highlighted by Zacks Investment Research, Charles Schwab has now beaten EPS estimates for the last four quarters, indicating consistent financial overperformance.