$SCHW — HOLD 📊 | 6 MONTHS THESIS

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset 🎯 FQ2 FY2026 (ends Jun) | reported Jul 21 | Rev $6.8B | Adj EPS $1.62 vs $1.55 🟢 | GAAP EPS $1.55 💡 The market appears to partially discount the revenue/NIM upside because of the raised expense guide and the stock trading at a 97th-percentile P/E within its sector relative to history. 🏢 Business Quality: 8/10 📊 Valuation: At $112.3, trailing P/E is roughly 20.5x and forward P/E roughly 15.5x; consensus 12-month targets range from $91 to $145 with a mean near $121-$125. 🔮 Catalyst: Next FQ3 FY2026 earnings (expected mid-to-late October 2026), with monthly activity reports in between; key confirmation metrics are NIM holding at or above ~3.0%, core net new assets remaining above ~$100B per quarter, and revenue growth staying within the 17.5%-18.5% guide. Failure signal would be resumed cash sorting, margi

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset