Charles Schwab reported robust financial activity in February 2026, with significant new asset inflows and account growth, alongside strategic moves to broaden its market reach and new insights into the modern investor.

Strong Growth and Strategic Expansion

Schwab pulled in $32.50 billion in core net new assets during February 2026. The firm also saw a 9% year-over-year increase in new brokerage accounts, adding 395,000 during the month. The company also raised its first-quarter revenue outlook, signaling faster growth ahead.

Schwab's completed Forge Global acquisition adds to the momentum. This strategic move aims to expand client access to private markets, including pre-IPO shares, thereby deepening client engagement and broadening the firm's investing platform.

The bull case rests on Schwab's size, diverse revenue streams, and solid tech infrastructure—all key to winning assets. That's true despite margin pressure and fiercer competition in the industry. February's stronger asset growth and the improved first-quarter revenue outlook appear to support this thesis in the near term.

Still, the biggest risk is how much Schwab depends on client trading volume and interest rates for profit. Despite this, combining higher core net new assets with the expanded access to private market opportunities through Forge Global could reinforce the idea that Schwab’s platform can draw in assets across various market cycles.

The company's projections for 2028 show substantial growth. The company aims for $30.2 billion in revenue and $11.0 billion in earnings. That means hitting 11.8% annual revenue growth and adding $4.2 billion to earnings from today's $6.8 billion.

Financial Performance and Market Outlook

Schwab's latest quarterly earnings beat expectations. The firm posted $1.39 EPS, crushing the $1.32 consensus by $0.07. Revenue hit $6.34 billion versus the $6.19 billion estimate, up 18.9% year-over-year from $1.01 EPS.

Schwab's 2026 guidance: $5.70-$5.80 EPS. Wall Street's consensus? 4.22 EPS for the year.

SCHW opened at $93.11 on Monday. The 50-day MA is $98.97; the 200-day is $96.33. Over the past year, the stock ranged from $65.88 to $107.50. Market cap: $163.15B. P/E: 19.98. PEG: 0.75. Beta: 0.93. Quick ratio and current ratio both sit at 0.62; debt-to-equity is 0.52.

Institutional investors have been mixed on Schwab. Delta Global Management LP cut its stake by 9.1% in Q3 2025. They dumped 49,396 shares, leaving 491,677 worth $46.94 million. Still, Schwab is Delta's sixth-biggest holding at 3.4% of the portfolio.

But other institutions have been buying in. West Branch Capital bought a $27K stake in Q3 2025. Newbridge Financial Services Group tripled down, growing its stake 233.6% to 357 shares worth $34K. Redmont Wealth, Evelyn Partners, and Howard Hughes Medical Institute all grabbed new positions worth $33K-$34K. Institutions control 84.38% of the stock.

Understanding the Modern Investor: The Woman Investor

Schwab's research also looks at who's investing these days. Schwab's 2025 Women Investors Survey found women are a major economic force, making more household financial decisions and building bigger portfolios.

Nearly 91% of women investors say investing makes them feel empowered. That jumps to 94% for Millennial women versus 84% for Baby Boomers. Nine in ten women investors think they're on track to hit their financial goals.

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The company also recently announced an increase in its dividend.