JP Morgan Cuts The Charles Schwab (SCHW) Price Target to $147

JP Morgan reiterated its Overweight rating on The Charles Schwab Corporation (SCHW) on October 16, 2026. The firm adjusted its price target down from $150.00 to $147.00. This rating suggests that JP Morgan remains positive about Schwab's future performance despite the target reduction.

Other Institutional Activity in The Charles Schwab Corporation

Blackrock Inc. grew its holdings by 1,264,925 shares, ending with 134,414,949 shares worth about $12.4 billion. Dodge & Cox Inc. added 1,965,085 shares, bringing its total to 76,968,323 shares valued at approximately $7.1 billion. State Street Corporation increased its stake by 407,493 shares, totaling 73,174,188 shares valued at around $6.7 billion. Vanguard Capital Management LLC reduced its holdings by 1,029,414 shares, now holding 107,329,957 shares worth about $9.9 billion. JPMorgan Chase & Co. decreased its position by 24,678,590 shares, leaving it with 49,165,186 shares valued at approximately $4.5 billion.

The Charles Schwab Corporation Stock Down 5.0%

As of October 16, 2026, Schwab's stock trades at $91.99, which is below its 50-day moving average of $104.75 by 12.2% and also 19.7% below its 52-week high of $114.53. The stock is currently above its 52-week low of $83.96 by 9.6%. The recent trading price is also significantly lower than the mean analyst target of $119.55, indicating potential upside.

Recent Earnings

In its most recent earnings report, Schwab reported a trailing twelve-month revenue of approximately $26.03 billion and earnings per share (EPS) of $5.49. The company has shown a year-over-year revenue growth of 20.9% and a net margin of 38.8%.

Insider Buying and Selling at The Charles Schwab Corporation

On September 1, 2026, Neesha Hathi, an officer at Schwab, sold 3,177 shares at an average price of $109.04, totaling about $346,428. She also sold another 5,000 shares on October 1, 2026, at an average price of $97.80, valued at approximately $489,007.

Analysts Set New Price Targets

On October 16, 2026, Barclays maintained its Overweight rating on Schwab with a target of $115.00, down from $118.00. UBS also maintained its Buy rating, reducing its target from $113.00 to $109.00. Wells Fargo kept its Equal-Weight rating with a target of $103.00, down from $105.00. Evercore ISI Group maintained its In-Line rating with a target of $104.00, lowered from $107.00.

About The Charles Schwab Corporation

The Charles Schwab Corporation is a financial services company based in Westlake, Texas. It provides a range of services including wealth management, securities brokerage, banking, asset management, and financial advisory services. Schwab operates in the United States and internationally, serving both individual investors and financial advisors.

Bottom Line

Investors will be watching for Schwab's next earnings report and any further updates from analysts regarding the stock. With its recent price adjustments and the upcoming earnings, there may be more developments to follow.