New York, January 25, 2026, 15:50 EST — The market has closed.
- Shares of Schwab fell 1.8% on Friday, finishing the day at $102.18.
- Investors are bracing for the Fed’s Jan. 28 decision and major earnings reports on Monday.
- Following Schwab’s quarterly update earlier this week, analysts have been adjusting their price targets.
Shares of The Charles Schwab Corp slipped 1.8% to close at $102.18 on Friday, wrapping up a turbulent week for U.S. investors who are now eyeing new catalysts on the horizon.
This hits Schwab hard since its earnings closely track shifts in rates and risk appetite. A big chunk of its revenue comes from interest on client cash, while market swings often trigger sharp rises or drops in trading activity.
The Federal Reserve is set to announce its decision on Wednesday, kicking off a packed week of earnings reports from major players like Apple, Microsoft, Meta Platforms, and Tesla. Yung‑Yu Ma, chief investment strategist at PNC Financial Services Group, described recent market moves as “a short but steep roller-coaster ride.” 1
On Friday, the Dow dropped 0.58%, the S&P 500 held steady, and the Nasdaq gained 0.28%. Intel’s weak guidance weighed on the market, while ongoing geopolitical tensions added to the uncertainty. “We feel pretty good about where we are today,” said Jason Blackwell, chief investment strategist at Focus Partners Wealth. 2
Analyst moves continued, with TD Cowen lifting its price target on Schwab from $135 to $138 while maintaining a buy rating, a report on Yahoo Finance showed. 3
On Jan. 21, Schwab announced that its fourth-quarter net revenue jumped 19% to $6.34 billion. Net income also climbed, reaching $2.46 billion, supported by a rise in interest income and stronger trading revenue amid a volatile environment. Net interest revenue—the difference between what it earns on assets and what it pays on liabilities—increased more than 25% to $3.17 billion, Reuters reported. 4
Schwab reported an 18% jump in total client assets year-over-year, hitting a new high of $11.90 trillion in its latest quarterly results. CEO Rick Wurster highlighted that 2025 “delivered growth on all fronts.” The firm also confirmed it still expects to complete its deal to acquire private-shares platform Forge Global in the first half of 2026. 5
Over the weekend, peers showed mixed moves. Interactive Brokers edged up 0.5% on Friday, Robinhood Markets gained roughly 0.7%, but Schwab slipped lower.
The path isn’t smooth. Should the Fed push back more aggressively against rate cuts, or if new tariff news rattles confidence, Schwab could take a hit on both its market-sensitive fee revenue and the interest margin it earns on client cash.
As U.S. markets reopen Monday, Schwab investors will focus on Treasury yields and any changes to rate expectations ahead of the Fed’s Jan. 28 decision. They’ll also keep an eye on whether market volatility fuels retail trading or dampens it.
