SCHW

The Texas Stock Exchange (TXSE) is more than a regional milestone — it is a shift in competition among U.S. capital markets.

Schwab's record $64.8 billion in August core net new assets and $13.41 trillion in client assets highlight strong momentum across its platform.

Charles Schwab remains a 'Buy' with 30% upside, driven by robust earnings, strong organic growth, and a favorable macro environment. SCHW's integration of Anthropic's Claude AI for advisors enhances efficiency, supporting margin expansion and reinforcing its cost leadership. Recent results highlight 22% asset growth to $13.1 trillion, record new asset inflows, and expanding margins, as higher markets and trading activity boost performance.

Is SCHW a smarter bet, backed by stronger earnings momentum, a lower valuation and broader diversification despite HOOD's faster growth? Let's find out.

WESTLAKE, Texas & HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Schwab Advisor Services, Charles Schwab's business supporting the growth and success of independent registered investment advisors (RIAs), today announced it is working with Anthropic to bring Claude for Financial Advisors, Anthropic's new offering, directly to the 16,000-plus independent RIAs Schwab serves. Claude for Financial Advisors is designed to support the work that advisors complete throughout a day — from prepping for a clie.

WESTLAKE, Texas--(BUSINESS WIRE)--Building on a partnership that supports more than 9,000 entrepreneurs annually, Charles Schwab Bank and The DEC Network today announced the next phase of their collaboration to help entrepreneurs launch and grow businesses, create jobs, and strengthen communities across North Texas. Central to that effort is Create Fort Worth, a new innovation center that will expand access to business and financial education, mentorship, and networking opportunities for local e.

Charles Schwab is a hold, trading near all-time highs and just 4.6% off its peak, with a forward P/E of 16.8x. Core net new assets surged 50% year over year, managed investing flows rose 53%, and revenue grew 21%, driving robust earnings and strong upward estimate revisions. SCHW's forward multiple is 14% below its 5-year average, and its PEG ratio of 0.82 is attractive versus peers, but valuation remains high versus the sector.

Tech investments, active trading and stronger underwriting and advisory businesses are likely to support Zacks Investment Bank industry players, like Morgan Stanley, Schwab and Interactive Brokers.

Vanguard's Altruist deal could intensify RIA custody competition for SCHW, pressuring technology investment and pricing as AI adoption accelerates.

Can SCHW's scale, diversified revenues and improving earnings profile outweigh IBKR's faster growth and premium valuation? Let's find out.