Zacks Investment Research
15 Oct 2026, 15:55 UTC · 1h ago
Schwab Q3 Earnings Beat on Higher NIR, Stock Slides on Revenue Miss
Impact · against what's priced in
Schwab's results are a wash; the net interest margin expansion is a positive development the market had previously rejected, but the marginal revenue miss and rising expenses offset this gain. The current price remains anchored to modest growth, and this quarter's mixed performance provides no clear catalyst to move the needle beyond the immediate market reaction.
- SCHW+0.10
Challenges what's priced in
- The price assumes
Net interest margin expanding by 15-20 basis points or more
The reported 16bps expansion in net interest margin to 3.04% is a result the market had previously explicitly declined to pay for, providing a modest positive catalyst.
What SCHW's price assumes · Aug 26
